Tags: EU | Britain | Investment

London Mayor Optimistic about Tech amid Investment Concerns

London Mayor Optimistic about Tech amid Investment Concerns

Monday, 11 June 2018 11:38 AM

LONDON (AP) — London Mayor Sadiq Khan says he's optimistic the city will keep attracting investors after Brexit as a survey showed Britain's attractiveness as a destination for foreign direct investment dimmed last year.

EY, the worldwide accounting and consulting partnership, said Monday the U.K. slipped to third place a the survey of 450 global investors. Some 52 percent said Britain was an attractive place to invest, down 3 percentage points from the previous year. Germany topped the survey at 66 percent, followed by France at 56 percent.

While the survey found declining investment in London's financial services sector, traditionally the city's economic powerhouse, Khan highlighted the recent success of the technology industry. Foreign direct investment funded 320 projects in Britain last year, an increase of 23 percent from 2016.

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London Mayor Sadiq Khan says he's optimistic the city will keep attracting investors after Brexit as a survey showed Britain's attractiveness as a destination for foreign direct investment dimmed last year.EY, the worldwide accounting and consulting partnership, said Monday...
EU,Britain,Investment
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2018-38-11
Monday, 11 June 2018 11:38 AM
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