The UK moves to a wider world
In the Financial Year 2017-2018, inward investment into the UK created 76,000 new jobs, 1,500 every week, says the Department for International Trade. Brexit Central reveals that:
“The data shows that overall the UK remained the number one destination for inward investment in Europe, with increases in the number of new jobs in the wholesale, food and drink, electronics and infrastructure sectors.”
Project Fear told us that inward investment would collapse after a “leave” vote, that 600,000 jobs would be lost within months, and that the UK would enter a recession. As scientists are wont to say, “This does not fit the observed facts.”
The good news is that as we near that magic 11am on 29th March, 2019, it is becoming clear that the predicted economic collapse is not going to happen. On the contrary, more firms are now looking beyond the EU’s borders to take advantage of our new ability to strike advantageous deals unfettered by the shackles of the EU.
The Queen yesterday signed into law the European Union Withdrawal Bill. As her pen hit the parchment, her thoughts might have turned to the free-trading swashbuckling age of her namesake predecessor, and she might have experienced the hope and belief that the UK can again become a trading power of worldwide significance. It can’t come soon enough.