(Bloomberg) — The UK has seen investment from overseas collapse in the past two years, underscoring its diminishing allure as a global business … Read More
(Bloomberg) — The UK has seen investment from overseas collapse in the past two years, underscoring its diminishing allure as a global business … Read More
Hardly a surprise.
Pre-Brexit, the UK was seen as a door into Europe, had relatively low employers’ National Insurance contributions, lowish corporation tax, English-speaking and excellent financial-services hubs. Only English-speaking remains. France, which has benefited greatly from the UK’s self-harm decision (but not alone), has gone all out to attract inward investment, has ambitious plans and is creating an entrepreneurial environment previously a trump-card for the UK even with its relatively low productivity. UK media, government and opposition apart from the SNP are generally silent on these gains.
Much of this was foreseen prior to Brexit, but was rubbished by lying Brexiters.