Brexit Project Fear smashed! Top economist hails UK @s Europe investment powerhouse

Brexit Project Fear smashed! Top economist hails UK @s Europe investment powerhouse

taige barrick chief economist at the institute of directors said that the country’s strong industrial base and location continue to make it an attractive option these benefits are backed by a strong legal and regulatory framework he added mr barrick noted that financial and professional services are particularly successful sectors and continue to attract foreign investment and a notable development over the last decade has been the emergence of technology startups including fintech and digital companies they have defied brexit doom mongers to attract significant international investment he said renewable energy is also another potential growth area for foreign direct investment the uk’s strength as a financial services hub has not been significantly affected even after the loss of passport rights within the european union he explained he added when the government published its industrial strategy in 2017 investors could see that britain was planning to reinvest in its roads railways digital networks cities and towns and this helped attract foreign investment he added we’re at the point where we assess the risks of undermining these strengths due to brexit the pandemic and other factors he spoke as a leading economist who previously described brexit as a slow puncture admitted that wages are rising for many workers jonathan ports a professor of economics at king’s college london said last month that leaving the block will be a significant but not catastrophic drag on uk economic growth for many years he added it was not a blowout but a slow puncture but in a column published by the independent this evening the academic admitted that wage growth could defy expectations his comments came after data from recruitment firm reid found that average salaries this year have risen by 18 across hospitality and catering 10 in retail and 4 overall professor ports wrote most economists argued that the ending of free movement after brexit would be unlikely to do much to boost wages for low-paid british workers are we now being proved wrong additional reporting by monica pallenberg
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Brexit Project Fear smashed! Top economist hails UK @s Europe investment powerhouse

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