UK businesses investing billions in EU reports Centre for Economic Performance
February 11, 2019 / N/A
A study by the Centre for Economic Performance (CEP) at the London School of Economics and Political Science (LSE) has found that since the referendum there has been a 12% increase in new foreign direct investment projects by UK firms in EU countries. UK investment in the EU grew to £8.3 billion from the date of the vote up until September 2018. It’s thought that a no-deal Brexit will see this figure accelerate further. Meanwhile, this higher outward investment in the EU has been accompanied by lower investment into the UK from the EU. The number of new EU investments in the UK over the same period fell by 11% or £3.5 billion.