EU shocked as investment in Britain booms – and beats France and Germany combined
BRITAIN has maintained its position as Europe’s foremost investment hub by attracting more business than Germany and France combined, new United Nations Conference on Trade and Develop figures reveal.
As global confidence grows in Britain, we retained our position as the top destination in Europe for foreign direct investment.
The country managed to attract £1.48 trillion of inwards investment stocks in 2018, which is more than Europe’s next biggest economies – Germany and France.
This leaves Britain the third-largest investment hub in the world, behind the United States and China.
Berlin managed to only attract £739billion and Paris just £649bn as both capitals struggle to establish themselves.
Over the past year the value of inward stock into the UK increased by 21 percent, compared to just one percent in Germany and a six percent fall in France.
Between 2010 and 2018, the value of these inward stock investments into the UK have increased by 77 percent.
International Trade Secretary Liam Fox lauded Britain’s economy for beating off competition from the “impressive” Germany and France.
Dr Fox said: “The figures prove the British economy is by far the most attractive place in Europe for foreign direct investment, securing more than the impress economies of Germany and France combined.
