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> but it is also interesting how much of the worst prophesies did not happen. So, I think the real issue was the new investments (net FDI fell off a cliff for
by disgruntledphd2 2y ago
> but it is also interesting how much of the worst prophesies did not happen.
So, I think the real issue was the new investments (net FDI fell off a cliff for years after the vote). Generally companies won't move unless forced to, but new companies generally seemed to avoid the UK post Brexit.
In fact, Ireland benefited from a bunch of this, I worked for 1-2 companies who'd moved their headquarters and staff from the UK to IE because they needed an EU base.
> Indeed London is still a very attractive place for EU skilled labour despite the added friction.
Honestly, not unless you work in finance. I was offered a Big tech role in London a few years back, and it was basically my euro salary converted into pounds, so it didn't make any financial sense for me to move (which is easy because I'm an Irish citizen).
- krona 2y ago> net FDI fell off a cliff for years after the vote I don't know what stats you're looking at. As a percentage of market share the UK is essentially where it was in 2017 and inline with historical trends. Moreover it has been recently increasing largely due to poor conditions in Germany. https://www.ey.com/en_uk/newsroom/2024/07/foreign-direct-investment-in-uk-grows-as-europe-declines https://www.ey.com/en_uk/newsroom/2024/07/foreign-direct-inv...
- disgruntledphd2 2y agoThe ONS appears to disagree: https://www.ons.gov.uk/businessindustryandtrade/business/businessinnovation/datasets/foreigndirectinvestmentinvolvingukcompanies2013inwardtables https://www.ons.gov.uk/businessindustryandtrade/business/bus... You'll need to download the XLS file but it definitely seems to show substantial declines since 2016 (post Brexit vote). That being said, the numbers are so large that I'm concerned I'm misinterpeting something. My original comment was based on something reported in the FT recently, though I find myself unable to find the article itself.
- disgruntledphd2 2y agoActually, looking at more of the sheets I'm coming to the conclusion that I don't understand how they're measuring things here, so I dunno what's going on honestly.