The U.K. is bucking the trend as Europe bleeds foreign direct investment. Here’s why
https://fortune.com/europe/2024/05/30/the-u-k-is-bucking-the-trend-as-europe-bleeds-foreign-direct-investment-heres-why/
Posted by signed7
The U.K. is bucking the trend as Europe bleeds foreign direct investment. Here’s why
https://fortune.com/europe/2024/05/30/the-u-k-is-bucking-the-trend-as-europe-bleeds-foreign-direct-investment-heres-why/
Posted by signed7
4 Comments
2.1 Value of UK total trade in the 12 months to the end of March 2024
£1,746.6 billion
down 2.8% on the previous 12 months
Source: ONS UK trade March 2024
Next release: 12 June 2024
Notes: figures in current prices, seasonally adjusted, on a balance of payments basis. Figures include non-monetary gold and other precious metals.
2.2 UK trade in 12 months to the end of March 2024
Trade direction Value £ billion % change since previous 12 months
UK exports 859.6 -2.0%
UK imports 887.0 -3.6%
https://www.gov.uk/government/statistics/uk-trade-in-numbers/uk-trade-in-numbers-web-version
The sheer lack of engagement on this post is right on brand for this sub 🤣
Not exactly a detailed here’s why. Lower Financial Regulation and Loyal Software customer base seems to be the extent of it. Perhaps it is also our willingness to sell everything off and generally act as a low regulation tax haven for non doms. Sure it’s quite good news but not exactly going to stoke the fires of undying gratitude for the average voter.
Extract from the article below, interesting article overall.
Low engagement as it’s a good news story and the usual suspects cannot say ‘Brexit Bad’
‘In contrast, the U.K. bucked the trend, with a 6% FDI growth in 2023—although it remained significantly below pre-Brexit levels. After a 2022 marked by political uncertainty, high inflation, and rising energy prices, investors perceived something of a return to stability in U.K. markets. Foreign software and IT providers were particularly loyal to London, which moved above Paris into the top spot as Europe’s No. 1 investment region. London’s attractiveness to the finance sector also proved significant, with London seeing a 20% increase in financial services projects’