• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics

Foreign direct investment in UK has halved, new figures show

In 2019, the Dutch PM warned: “Every businessman I speak to from the UK is saying they will cut investments, cut their business in the UK."

Jack Peat by Jack Peat
2021-08-25 08:18
in Business and Economics
FacebookTwitterLinkedinEmailWhatsapp

Foreign direct investment in the UK more than halved last year, according to new figures, casting doubt over ‘global Britain’ ambitions.

Inward investment by foreign companies to the UK fell by 57 per cent to $19.7 billion, down from $45.4 billion in 2019, making Britain the 12th most popular nation for foreign investors behind Germany, Mexico, India, Sweden, Canada and Brazil.

The figures, compiled by MoneyTransfers.com using data from the Organisation for Economic Co-operation and Development, reflect the amount of investment in or profits made by foreign companies in a certain country.

China was the single largest recipient of foreign capital, with inward flows increasing 14 per cent to $212 billion in 2020.

The figures give credence to comments made by Netherland’s prime minister, Mark Rutte, in the wake of the 2016 EU referendum.

In an interview given Spanish newspaper El Pais, which has recently resurfaced, he said Brexit Britain would be “too small to be on the world stage”,

He said: “Who will be left weakened by Brexit is the United Kingdom.

“It is already weakening, it is a waning country compared to two or three years ago.

“It is going to become an economy of middling size in the Atlantic Ocean.

RelatedPosts

JD Wetherspoon’s profits plummet 91 per cent

Only 1% of £1.1 billion lost to fraudulent Covid grants recovered – watchdog

Cambridge University’s economic contribution ‘four times that of Premier League’

UK economy set to be second-worst in G20 this year – OECD

“It is neither the US nor the EU.

“It is too small to appear on the world stage on its own.”

Mr Rutte, who claimed the Dutch would have replaced the UK in the bloc as the pre-eminent voice for free trade, also warned that hundreds of companies had plans to relocate across the North Sea from Britain.

He noted: “We can’t stop them from coming here.

“Every businessman I speak to from the UK is saying they will cut investments, cut their business in the UK.

“It will have an insurmountable impact on the UK.”

Related: The Hartlepool Globetrotter: PM’s trip on ‘Sleazyjet’ makes the rounds on social media

Content Protection by DMCA.com
Tags: Brexitheadline

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

Elevenses: Fear and Loathing in the New Conservatives

More from TLE

Brexit could leave UK open to organised crime – Italy’s anti-mafia prosecutor warns

Food bank for pets set up for struggling families

Ex-PM Gordon Brown has backed…Jeremy Corbyn

Venezuela Introduces 2 Day Working Week And Puts Clocks Back To Tackle Energy Crisis

Archaeologists uncover 3,000 year-old wooden toe

Rees-Mogg wades in as Brexiteers told to give Sunak ‘space’ on Northern Ireland

Hottest ever UK temperature ‘likely to land’ in one of these THREE places

Restaurant Review: Flank

Stealing to eat: London’s hungry criminalised for taking waste food from supermarket bins

WATCH: Education Secretary responds to why Eton shouldn’t pay tax

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.