Money: Brexit referendum spurs British companies into investing in EU - research - PressFrom - United Kingdom
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MoneyBrexit referendum spurs British companies into investing in EU - research

13:45  11 february  2019
13:45  11 february  2019 Source:   reuters.com

Majority of people want a referendum on a united Ireland in event of no-deal Brexit

Majority of people want a referendum on a united Ireland in event of no-deal Brexit There has been increasing speculation that Brexit could lead to the unification of the Republic and Northern Ireland. In December, Tánaiste Simon Coveney said that it would be “difficult” to avoid a hard border if the UK leaves the EU without a withdrawal deal, meaning that customs checks would be implemented on goods travelling from Northern Ireland to the Republic.

LONDON (Reuters) - The 2016 Brexit vote spurred British companies into increasing investment Conversely, the research pointed to an 11 percent drop in investment transactions from the EU The researchers on Monday said there was scant sign that British firms had upped investment into

Brexit (/ˈbrɛksɪt/ or /ˈbrɛɡzɪt/), (Irish: Breatamach) a portmanteau of " British " and "exit", is the impending withdrawal of the United Kingdom (UK) from the European Union ( EU ).

Brexit referendum spurs British companies into investing in EU - research © Getty The 2016 Brexit vote spurred British companies into increasing investment in European Union countries sharply, likely at the expense of spending at home, an academic study showed on Monday.

The referendum result led to a 12 percent increase in foreign direct investment transactions from Britain into the EU between mid-2016 and September 2018, researchers from the London School of Economics' Centre for Economic Performance said.

Brexit in-depth: All the latest news, analysis and expert opinion

That translated into an increase of around 8.3 billion pounds, concentrated entirely in the services industry.

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The United Kingdom European Union membership referendum , also known as the EU referendum and the Brexit referendum , took place on 23 June 2016 in the United Kingdom (UK)

"The EU itself is first and foremost a peace project. We will not gamble with peace; or put a sell-by date on "They'll give you a terrible time in the British press for that", Varadkar whispered. You cannot avoid bumping into the Theresa May soap opera, a grotesque re-run of the Brexit farce that has our

Brexit referendum spurs British companies into investing in EU - research © Getty Although the authors could not be certain if this would have otherwise been spent in Britain, they cited business survey evidence and media reports that suggested spending often took place at the expense of British.

Conversely, the research pointed to an 11 percent drop in investment transactions from the EU into Britain, worth around 3.5 billion pounds.

"The data show that Brexit has made the UK a less attractive place to invest," said Thomas Sampson, one of the report's authors.

"Lower investment hurts the economy and means that UK workers are going to miss out on new job opportunities."

Watch: Carney Says Uncertainty Remains Elevated Amid `Fog of Brexit' (Bloomberg)

London and Brussels are arguing over whether a deal clinched in November can be changed, raising the possibility of either a delay to Brexit, a last-minute deal or a no-deal exit.

Britain voted 52 to 48 percent to leave the EU in a 2016 referendum.

British and U.S. Banks Said to Be Deeply Divided on Brexit Ties

British and U.S. Banks Said to Be Deeply Divided on Brexit Ties With just seven weeks to go before Brexit, it’s not just U.K. politicians who are bitterly divided over the country’s withdrawal from the European Union -- large banks are also at loggerheads. British lenders and their Wall Street rivals are pushing widely different views on Brexit, a clash that was highlighted at a meeting this week with U.K. government officials, people with knowledge of the situation said. While U.S. banks want Britain to maintain the closest possible ties with the EU after Brexit, U.K. banks and insurers are anxious they don’t become beholden to new laws made by Brussels, two of the people said.

Why is Britain leaving the European Union ? A referendum - a vote in which everyone (or nearly Brexit -supporting MPs claim it would not be as bad as they say and the UK would save on the £ The proposal - which will come into force on 29 March 2019 when the UK leaves the EU in the event of a

The latest breaking news about Brexit , from the United Kingdom and the European Union . In a referendum in June 2016, the majority of the electorate – 51.9 percent – voted in favor of Brexit and breaking away from the EU , while 48.1 percent voted to stay.

Supporters of Brexit point to the fact that widespread forecasts of recession from economists in the aftermath of the June 2016 referendum failed to materialise, and that Britain will be able target trade with faster-growing economies outside the EU.

Brexit referendum spurs British companies into investing in EU - research © Getty

The researchers on Monday said there was scant sign that British firms had upped investment into developed countries outside the EU in preparation for Brexit.

Investment into the EU by British manufacturing firms remained little changed by the Brexit vote, the report showed.

"This suggests that firms expect Brexit to increase trade barriers by more for services than for manufacturing," the authors said.

Brexit referendum spurs British companies into investing in EU - research © Getty

Services account for about 80 percent of Britain's private sector economy.

Last week Bank of England Governor Mark Carney said Britain had lost around 1.5 percent of economic output compared with the central bank's expectation prior to the referendum.

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Brexit refers to Britain's leaving the European Union , which is slated to happen at the end of March 2019. Economic arguments also featured: while a third of British expats in Europe are pensioners, EU Brexit will jeopardize the affiliate earnings and stock prices of many companies strategically

Would Brexit make Putin happy? Germany conflicted on how to handle Brexit . Multiple polls suggest Swedes are the most convinced in Europe that a "It's all just companies and big corporations getting big money and all of these back-room treaties that none of the EU population is involved with," he says.

Related: How companies are reacting to Brexit (Photos)

Nicola Sturgeon: Scotland will be independent in five years.
Nicola Sturgeon has reaffirmed her intention to call another referendum on Scottish independence once the final details of Brexit have been worked out. The First Minister used an appearance on a US talk show over the weekend to declare her belief that a majority of Scots would back a Yes vote in a possible IndyRef2 within the next five years. The timing of another constitutional vote has the subject of intense debate among grassroots SNP members and senior politicians in recent months, with some urging the party leader to stage a plebiscite on the issue this year, while others urge a more cautious approach.

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