UK says inward investment surges before Brexit vote

In the previous financial year before the United Kingdom voted to abandon the European Union, the country managed to gain more foreign investment projects than ever before, as the British government reported on Tuesday.

Approximately 2,213 investments were carried out in the year ending in March, which is up 11% from last year, the government told. That greatly contributed to the creation of 116,000 jobs in the UK. 

However, the British authorities didn’t provide a value for the investments. Moreover, the government didn’t explain how the jobs were created. It just reported that 82,650 jobs were generated, down from 84,603 jobs made last financial year.

The period covered by the government's statement concluded almost three months before the UK’s June 23 referendum on its EU membership. Obviously, that vote to leave caused a devastating blow to business confidence.

By the way, a number of multinational companies, including consumer goods giant Unilever and carmaker Jaguar Land Rover had spoken out in favor of the UK  remaining in the trading bloc. 

Scroll to top