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There has been £15 billion of extra inward investment in the UK since EU referendum.


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Old 30-12-2016, 08:08
onecitizen
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This is quite staggering considering we were told inward investment would dry up if the UK voted to leave the EU due to the uncertainty this would create.
http://www.telegraph.co.uk/news/2016...estment-since/
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Old 30-12-2016, 08:34
i4u
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Err the source is disgraced former Defence Minister Liam Fox who arranged for his 'friend' to sit in on sensitive meetings without security clearance.

Liam Fox, the International Trade Secretary, said his department, which was set up following the Brexit vote, has reached deals on more than £15.2 billion worth of foreign direct investment in sectors including property development, infrastructure and renewable energy.
Liam Fox who earlier in the year stirred up trouble with Boris Johnson.

With a quote from Iain Duncan Smith insulting half the nation....this has a strong whiff of an attempt to polish a Yuletide Log that won't flush away.
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Old 30-12-2016, 08:42
Mark_Jones9
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This is quite staggering considering we were told inward investment would dry up if the UK voted to leave the EU due to the uncertainty this would create.
http://www.telegraph.co.uk/news/2016...estment-since/
The tabloid could have picked more convincing examples of confidence in the UK economy. The biggest one it uses is Chinese investment in building pre-fabricated homes, that is underpinned by guaranteed work of building 25,000 homes curtsey of the UK government, with the promise by the UK government of more work to bring the total to 100,000 homes. Another example they use is a renewal energy company which is probably also underpinned by the Government.

Also how much of the inward investment is foreigners buying UK companies? That is not necessarily good for the UK long-term.
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Old 30-12-2016, 08:46
Mark_Jones9
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Err the source is disgraced former Defence Minister Liam Fox who arranged for his 'friend' to sit in on sensitive meetings without security clearance..
I think the pertinent thing is the source is the current International Trade Secretary talking about the government and his department. So what he says is likely to be true.
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Old 30-12-2016, 08:46
Aurora13
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The fact that Telegraph is reporting such undiluted propaganda demonstrates how serious the real underlying position is.
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Old 30-12-2016, 08:51
Mark_Jones9
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The fact that Telegraph is reporting such undiluted propaganda demonstrates how serious the real underlying position is.
The Telegraph reporting Tory government propaganda is a sign of normality as it does so all the time. .
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Old 30-12-2016, 09:15
paulschapman
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This is quite staggering considering we were told inward investment would dry up if the UK voted to leave the EU due to the uncertainty this would create.
http://www.telegraph.co.uk/news/2016...estment-since/
How much is down to the lower value of sterling?
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Old 30-12-2016, 10:33
Dotheboyshall
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How much is down to the lower value of sterling?
My thought exactly.
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Old 30-12-2016, 10:50
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Does the OP really think Liam Fox would say anything different?

Meanwhile in the real world, the area I work in has seen a notable lack of investment and confidence since the Brexit vote.
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Old 30-12-2016, 10:50
david16
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The tabloid could have picked more convincing examples of confidence in the UK economy. The biggest one it uses is Chinese investment in building pre-fabricated homes, that is underpinned by guaranteed work of building 25,000 homes curtsey of the UK government, with the promise by the UK government of more work to bring the total to 100,000 homes. Another example they use is a renewal energy company which is probably also underpinned by the Government.

Also how much of the inward investment is foreigners buying UK companies? That is not necessarily good for the UK long-term.
But there will be £0.00 invested by Whitehall to replace mass EU inward investment like in Wales and in Cornwall once the UK has actually left the EU.
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Old 30-12-2016, 11:00
The infidel
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But there will be £0.00 invested by Whitehall to replace mass EU inward investment like in Wales and in Cornwall once the UK has actually left the EU.
Once we stop paying for new infrastructure in Poland, Hungary etc etc, and reduce the costs due to pointless EU 'directives' there will be the cash available. In fact with the money saved in just one week we could build another Severn Crossing.
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Old 30-12-2016, 11:06
andykn
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Once we stop paying for new infrastructure in Poland, Hungary etc etc, and reduce the costs due to pointless EU 'directives' there will be the cash available. In fact with the money saved in just one week we could build another Severn Crossing.
Ah I love the smell of Brexit fantasy economics in the morning.

Make up anything and pretend it's real.

All the while trying to get rid of regulations that protect you both as a worker and a consumer, brilliant!
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Old 30-12-2016, 11:35
paulschapman
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Once we stop paying for new infrastructure in Poland, Hungary etc etc, and reduce the costs due to pointless EU 'directives' there will be the cash available. In fact with the money saved in just one week we could build another Severn Crossing.
And what of the money we get back from the EU. Then added to that is the goods we sell to the EU, that will go down when the cost of our goods gets more expensive - don't expect the EU to roll over and give us access to a free market.
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Old 30-12-2016, 11:52
Mark_Jones9
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And what of the money we get back from the EU. Then added to that is the goods we sell to the EU, that will go down when the cost of our goods gets more expensive - don't expect the EU to roll over and give us access to a free market.
BiB are you expecting the GBP to go up vs the Euro?

The fall in the GBP vs the Euro about 11% is larger than the average EU tariff 2% and even most high EU tariffs like 10% on cars.

The UK buys their exports too so a trade deal is in the EU's economic interest.
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Old 30-12-2016, 12:24
andykn
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This is quite staggering considering we were told inward investment would dry up if the UK voted to leave the EU due to the uncertainty this would create.
http://www.telegraph.co.uk/news/2016...estment-since/
Not a balanced article and it doesn't explain how this is "extra" if "Based on current projections it is expected that capital investment commitments supported by the Government will now meet or exceed the foreign direct investment pledged between 2015 and 2016."
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Old 30-12-2016, 12:30
The infidel
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And what of the money we get back from the EU. Then added to that is the goods we sell to the EU, that will go down when the cost of our goods gets more expensive - don't expect the EU to roll over and give us access to a free market.
Looking at the number of EU registered HGV's on the A1, M1 and M6 I saw over the last few weeks, presumably carrying imports I doubt that the EU will do anything that means they take a big hit on their exports when we leave. In any case many of these things could be made in this country as well as the Polish built Ro-Ro ferry I travelled on between the Scottish Islands last summer. EU regulations force member states to go for the cheapest bid but then the EU does not pay the redundancy or benefits to British workers displaced in the workplace. Why we actually pay to be a member of a club that actually destroys our manufacturing infrastructure I will never know.
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Old 30-12-2016, 12:43
andykn
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Looking at the number of EU registered HGV's on the A1, M1 and M6 I saw over the last few weeks, presumably carrying imports I doubt that the EU will do anything that means they take a big hit on their exports when we leave. In any case many of these things could be made in this country as well as the Polish built Ro-Ro ferry I travelled on between the Scottish Islands last summer. EU regulations force member states to go for the cheapest bid but then the EU does not pay the redundancy or benefits to British workers displaced in the workplace. Why we actually pay to be a member of a club that actually destroys our manufacturing infrastructure I will never know.
And do you really think the Govt will start buying more expensive British ships once we leave the EU?

Is that before or after you win the lottery?
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Old 30-12-2016, 12:51
The infidel
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And do you really think the Govt will start buying more expensive British ships once we leave the EU?

Is that before or after you win the lottery?
Well, the government buys military vessels built here so yes I would expect that. Ships built here might in some cases be more expensive but if it means keeping people in well paid jobs and highly skilled jobs instead of putting them on benefits then that is the trade off.

Don't try and persuade skilled British engineers that living with 'open borders' should be more important to them than having a job and being able to put food on the table.
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Old 30-12-2016, 15:18
bingbong
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But there will be £0.00 invested by Whitehall to replace mass EU inward investment like in Wales and in Cornwall once the UK has actually left the EU.
How do you know this? That's a pretty specific figure.
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Old 30-12-2016, 15:20
bingbong
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And do you really think the Govt will start buying more expensive British ships once we leave the EU?

Is that before or after you win the lottery?
The lottery? Is it being used to build ships as well as fund our athletes?
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Old 30-12-2016, 15:29
MargMck
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Does the OP really think Liam Fox would say anything different?

Meanwhile in the real world, the area I work in has seen a notable lack of investment and confidence since the Brexit vote.
This, for me, is one of the tragedies of the Brexit result. Investment soars, the FTSE100 ends 2016 as best performing European market, new jobs are announced, those apparently under threat are saved... and yet... and yet... across the country, in Remain Land gloom and despondency reigns.
This is not how it is supposed to be. Leavers are supposed to lose their jobs and homes as vengeance for voting that way, or perhaps simply because they are 'less educated'.
Whatever, for some reason all the misery is apparently instead being inflicted on Remainers. All very odd, perhaps some bizarre 'Christmas Miracle'.
Roll on 2017.
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Old 30-12-2016, 16:19
andykn
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Well, the government buys military vessels built here so yes I would expect that.
But it doesn't buy other ships from here because they're cheaper elsewhere.
Ships built here might in some cases be more expensive but if it means keeping people in well paid jobs and highly skilled jobs instead of putting them on benefits then that is the trade off.
Not one any Government has chosen to make for decades.
Don't try and persuade skilled British engineers that living with 'open borders' should be more important to them than having a job and being able to put food on the table.
And how will free trade deals allowing cheap goods to flood in help with that? Or inhibiting exporting their good to their biggest market, the EU?
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Old 30-12-2016, 16:24
andykn
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The lottery? Is it being used to build ships as well as fund our athletes?
The poster winning the lottery is about as likely as the Govt to start buying more expensive ships just because they're made here.
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Old 30-12-2016, 16:27
andykn
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This, for me, is one of the tragedies of the Brexit result. Investment soars, the FTSE100 ends 2016 as best performing European market, new jobs are announced, those apparently under threat are saved... and yet... and yet... across the country, in Remain Land gloom and despondency reigns.
This is not how it is supposed to be. Leavers are supposed to lose their jobs and homes as vengeance for voting that way, or perhaps simply because they are 'less educated'.
Whatever, for some reason all the misery is apparently instead being inflicted on Remainers. All very odd, perhaps some bizarre 'Christmas Miracle'.
Roll on 2017.
Not odd if you have a rudimentary understanding of things. The FTSE is high because the pound is low. People seeing lower investment trumps a one sided article in a Tory paper with a very mixed message about supposed new investment.

Some people believe what they want to hear, others what they see going on around them.
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Old 30-12-2016, 16:59
bspace
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Some people believe what they want to hear, ...
I've noticed that.
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