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Brexit impact: Foreign investment projects see 26% fall in UK in 2017

Rivals in EU, and especially Germany, are challenging UK's top spot of being the preferred destination for foreign investment in financial services

Reuters  |  London 

Britain's lead as the top European destination for international investment in financial services is starting to narrow as continental rivals vying for its business are boosted by Brexit, according to a report published on Monday. The report, by accounting and consulting firm EY, found that the UK hosted just 14 more foreign investment projects in financial services last year than second-placed Germany, down from a gap of 67 in the previous year. The number of projects in the UK fell 26 per cent in 2017, compared to an increase of 64 per cent in Germany, 123 per cent in ...

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First Published: Mon, July 09 2018. 12:59 IST