The UK was the only one of Europe's top three economies to record a rise in foreign direct investment last year - in an apparent vote of confidence in Brexit Britain. Hywell Ball, EY's UK chair, said the 'strong performance' for foreign direct investment (FDI) last year was 'driven by a resurgence in tech investment and impressive annual growth in sectors such as business services'. And it comes after recent business survey data showing UK growth outpacing the US and the eurozone. Britain's leading position in this industry meant it attracted more than a quarter of all tech FDI in Europe in 2023. India was the second largest foreign direct investor in Britain followed by Germany in third.

Source: Daily Mail May 03, 2024 00:05 UTC