I guess these guys are only hearing my fiddle but haven't seen the fire.... http://www.cityam.com/270147/uk-foreign-investment-hits-record-high-investors-shun Investment into the UK from foreign companies rose to the highest level ever recorded last year as investors shrug off Brexit worries. The value of the UK’s foreign direct investment (FDI) stocks in 2017 was £1,336.5bn, a rise of £149.2bn since 2016, according to figures published by the Office for National Statistics (ONS). The total, which is a record high, was boosted by a 321 per cent growth in investments from India. Outward investment also increased by £38.7bn to £1,313.3bn over the period. Earnings from these investments enjoyed considerable growth, reversing the negative trend seen in recent years. International Trade Secretary Liam Fox said: “As we prepare to leave the European Union, foreign investors from around the globe are as confident as ever investing in the UK. “The significant rise in the amount of investment from Asia is evidence that the growing economies are important partners for the UK, relationships which I am committed to developing and deepening.” The figures show foreign investors have been undeterred by uncertainties surrounding Brexit. The largest growth in investment earnings was seen in the manufacturing sector, whose value was £10bn higher in 2017 than in 2016. Mining and quarrying and financial services also saw significant growth.
If Airbus leaves that will cost 14,000 jobs in the UK. Plus all the subcontractors. According to you losing these jobs is an enhancement for the UK economy. But I know: UK will be the strongest, most powerful economy in the world. Jaguar Landrover lost last year 1,500 jobs and will cut this year again 4,500 jobs. https://www.coventrytelegraph.net/news/coventry-news/jaguar-land-rover-brexit-factories-15727972 "West Midlands Mayor Andy Street said: “Today’s news will be particularly difficult for the Jaguar Land Rover workers and their families affected by this announcement. “The decline in sales and job losses are disappointing given the vital importance of JLR to the West Midlands economy." https://www.bbc.com/news/business-44719656 "Jaguar Land Rover has warned that a "bad" Brexit deal would threaten £80bn worth of investment plans for the UK and may force it to close factories. The UK's biggest carmaker, owned by India's Tata Motors, said its "heart and soul is in the UK". But without frictionless trade JLR said its UK investment plans would be in jeopardy." I know this is probably fake news as UK economy is booming in all sectors, and all EU companies are in queue to move to the UK. EU will become a third world area. LOL.
I know you're not an American so you wouldn't realize this, but the Heritage Foundation is considered a right wing think tank and are in fact very biased toward right wing lunacy. In fact they're the ones that have come up with much of it, and as an entrepreneur and business owner I especially take umbrage with much of the crap they spout about creating jobs and growth, which I'm actually doing and they have clearly never done. So their opinion on the matter pretty much reinforces my points! And Forbes, you know the guy ran for President on a flat tax platform, yes? Those aren't considered the respected unbiased sources around these parts that you seem to think they are, and frankly it's almost humorous to see you quote them as a way to make your point since it so effectively makes the opposite point!
https://www.businessinsider.com/brexit-damaged-city-of-london-2018-11?r=UK Here's a roundup of the financial exodus so far: US bank giants Goldman Sachs, JPMorgan, Morgan Stanley, and Citigroup have moved 250 billion euros ($283 billion) of balance-sheet assets to Frankfurt because of Brexit. Bank of America is spending $400 million to move staff and operations in anticipation of Brexit, and is trying to persuade London staff to move to Paris. Barclays is seeking to transfer €250 billion ($280.8 billion) of business to Dublin and is set to become Ireland's biggest bank. France's BNP Paribas, Credit Agricole, and Societe Generale have opted to transfer 500 staff out of London to Paris. UBS has chosen German financial center Frankfurt for its new EU headquarters. Swiss peer Credit Suisse is moving 250 jobs to Germany, Madrid, and Luxembourg among other EU 27 countries as well as $200 million from its market division to Germany. Germany's Deutsche Bank is also considering shifting large volumes of assets to Frankfurt as part of its Brexit plan. HSBC, Europe's biggest bank, has shifted ownership of many of its European subsidiaries from its London-based entity to its French unit. Australia's largest bank by assets, Commonwealth Bank of Australia, has set in motion plans to base around 50 staff in Amsterdam, and has applied for a banking licence in the country. Other Australian lenders Macquarie, Westpac, and ANZ are also in talks to move operations to Dublin and continental Europe. Europe's biggest repo trading venue, called BrokerTec, is being moved to Amsterdam from London, meaning a $240 billion a day repo business is leaving the UK. More than 100 UK-based asset managers and funds have applied to the Irish central bank for authorization in Ireland.
@Sig said: The UK in fact has an almost identical GDP to Canada Strange you never replied to this. No acknowledgement, nothing.
US bank giants Goldman Sachs, JPMorgan, Morgan Stanley, and Citigroup have moved 250 billion euros ($283 billion) of balance-sheet assets to Frankfurt because of Brexit. Yet they maintain their HQ in London. All of them. Bank of America is spending $400 million to move staff and operations in anticipation of Brexit, and is trying to persuade London staff to move to Paris. See previous comment. Barclays is seeking to transfer €250 billion ($280.8 billion) of business to Dublin and is set to become Ireland's biggest bank. Euro business should be moved. France's BNP Paribas, Credit Agricole, and Societe Generale have opted to transfer 500 staff out of London to Paris. But keeping thousands here...why not move them all? UBS has chosen German financial center Frankfurt for its new EU headquarters. They have a massive presence here. Swiss peer Credit Suisse is moving 250 jobs to Germany, Madrid, and Luxembourg among other EU 27 countries as well as $200 million from its market division to Germany. Big deal, they employ thousands here in London. Germany's Deutsche Bank is also considering shifting large volumes of assets to Frankfurt as part of its Brexit plan. Deutsche Bank will need a bailout. I would rather leave the EU and avoid my taxes being spent on this failure of a bank. HSBC, Europe's biggest bank, has shifted ownership of many of its European subsidiaries from its London-based entity to its French unit. But ultimately HSBC listed in London and in HK own them all. Australia's largest bank by assets, Commonwealth Bank of Australia, has set in motion plans to base around 50 staff in Amsterdam, and has applied for a banking licence in the country. Wow, 50 staff. Other Australian lenders Macquarie, Westpac, and ANZ are also in talks to move operations to Dublin and continental Europe. Yawn. Europe's biggest repo trading venue, called BrokerTec, is being moved to Amsterdam from London, meaning a $240 billion a day repo business is leaving the UK. They need an EU license to operate. More than 100 UK-based asset managers and funds have applied to the Irish central bank for authorization in Ireland. In order to operate in the EU after Brexit, you need a European license. Easiest way is to have a subsidiary in the EU. They obviously didn't need it before since the UK was in the EU.
14 thousand jobs is a very small price to pay for freedom from the EU Empire. Btw that's out of 26 million people who have jobs. I hope that Airbus leaves and I no longer have to submit any of my taxes to keep them and its employees in business.
Your answer is hilarious! It is the loss in just ONE COMPANY. A lot of others have/will have the same problem Like Jaguar/Landrover, Nissan, Honda, BMW... Many British still dream they live in the British Empire from centuries ago. Reality will wake them up soon. "Jaguar Land Rover has warned that a "bad" Brexit deal would threaten £80bn worth of investment plans for the UK and may force it to close factories. Let me guess: £80bn of lost investments and closing factories is also proof for you that everybody wants to go to the UK and leave EU. LOL.