To ask Her Majesty's Government what assessment they have made of the impact of Brexit uncertainty on takeovers of UK companies by international investors.
Answered on
4 February 2019
The United Kingdom has a global reputation as a good place to do business. A new business starts up every 75 seconds, and we are home to five of the top 10 fastest-growing businesses in Europe. The OECD ranks us as one of the best places to start and grow a business; we have the most competitive tax rates and we are welcoming to global talent and disruptive start-ups. As of 2017, the United Kingdom had the third highest inward FDI stock in the world ($1.6 trillion). Our Industrial Strategy aims to make Britain the best place to start and grow a business. We will drive productivity in businesses of all sizes by increasing collaboration, building skills and ensuring everyone has the opportunity of good work and high-paying jobs. We will create a business environment equipped for the challenges and opportunities of new technologies and ways of doing business. The UK remains open for business.