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Not for the first time, the prime minister delivered a major speech that was economical with the truth.
Looks like there will be disinvestment by Japanese companies in UK financial services sector for 2021 too. Nomura International PLC has just notified Companies House that they have reduced their capital from US$11.2bn to $3.2bn.
The number of Japanese companies and their employees in the UK is starting to decline. Given that this is against the trend elsewhere in Europe, it is hard to avoid the conclusion that this is a reaction to Brexit.
On trade, finance, migration, food standards and more, the UK suffers fresh ignominy on a daily basis.
Half a decade after the referendum, the economic hit to the UK caused by Brexit is becoming clearer. But it will be years before the true impact is understood
After several years of increasing FDI, Brexit has caused inbound investment to dip in the UK.
Japan said UK-EU deal was still crucial for Japanese business, especially its carmakers.
Bill set to include retroactive powers to scrutinize takeovers / Institute of Directors fears ‘chilling effect’ on investment
'American companies in Europe support a deep and comprehensive economic partnership between the EU and the UK'
British PM is now more likely to push for 'harder' divorce from EU.
New figures from the Department for International Trade show that investment in the UK by overseas firms has declined sharply in recent years. / The number of new projects in the UK fell 14% in 2018-19. / At the same time, there was a 24% fall in the number of jobs created.
The Japanese ambassador to the UK tells Sky News his country is "perplexed" by the UK's departure from the EU. / More Japanese companies may relocate away from the UK in the coming months if Britain does not seal a promising post-Brexit deal, the Japanese ambassador has warned.
The number of new foreign investment projects in Britain has fallen for the second year in a row, according to government figures published on Wednesday that added to other signs of nervousness about Brexit among investors.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
(See Chapter 1, p4 for FDI figures for various countries, including the UK, in 2017 and 2018.)
Cross-border data show 30% fall in capital entering UK since referendum. / Brexit uncertainty in the UK has boosted foreign investment into the EU’s other 27 countries in the three years since the referendum, according to a Financial Times analysis.
Car giants Toyota and BMW have both warned a no-deal Brexit threatens the production of their cars in the UK.
Shinichi Iida, a minister in the London embassy, said Japanese manufacturers are holding off on committing to the UK with new investments due to the uncertainty – and that potential new investors are steering clear of Britain.
Fresh inward investment in the sector plummeted in 2018, down 46.5 per cent on 2017 to just £588.6m.
Swati Dhingra of the Centre for Economic Policy at the London School of Economics talks about the key economics of Brexit The interview was recorded at the Royal Economic Society annual conference at The University of Sussex in Spring 2016 and produced by Econ Films.
Sir Martin shared his insight on what challenges the Government is facing, what the Government and business should do now and how the UK seeks to forge new trading relationships outside of the European Union.