Major pharma firm Merck scraps UK expansion

Faarea Masud, Rachel Clun and Simon JackBusiness reportersGetty ImagesAmerican pharmaceutical giant MSD is scrapping the planned £1bn expansion of its operations in the UK saying the government is not investing enough in the sector.The multinational business, known as Merck in the US, said it would move its life sciences research to the US and cut more than 100 UK jobs, blaming successive governments for…