A commons report has indicated that the UK is now heavily investing abroad in its attempt to be a global player outside the EU. The UK’s outward Foreign Direct Investment has been booming since the UK left the EU.
Inward FDI is stable and is at levels higher than every year since the last decade, proving business wants to invest in the UK post-Brexit economy.
“In 2017, outward flows of FDI from the UK were worth £91.4 billion – this follows three successive years of net disinvestment between 2014 and 2016 and represents the UK’s highest level of outward FDI since 2008.
This increase is due in part to a dramatic increase in outward mergers and acquisitions – these increased in value from £17.3 billion in 2016 to £76.6 billion in 2017 (a 17-year high).
By individual country, the UK’s highest level of outward FDI was in the USA – this amounted to £88.5 billion, followed by Hong Kong at £4.0 billion.”
Its clear that the UK is experiencing a Brexit boom, and once we truly leave, the United Kingdom will flourish.