The Brexit vote has caused a 12% rise in investment by British firms in the rest of the EU, according to the LSE. That capital could have been used at home
Brexit vote put foreign investors off Britain? Remainers point to cancelled plans by Japanese carmakers, American banks and others. But Leavers say Britain is more alluring than ever. Last month the country topped a ranking byan accountant, of attractiveness for investors. This week Facebook chose London as its base for expanding its WhatsApp messaging service. Who is right?When overseas firms enter a domestic market they tend to make it more competitive, which is good for consumers.
since the referendum has been little more than asset-stripping. Foreigners have taken advantage of a weak pound to buy British companies on the cheap and make off with their intellectual property, the argument goes. Yet evenSo have investors brushed off Brexit? Not quite. Some industries have noticeably cooled on Britain. It was the top destination for cross-border mergers and acquisitions involving American tech firms in 2014-17. But in 2018 it tumbled to eighth place.
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