'2 trillion votes for Brexit Britain'

World gives £2 trillion thumbs-up to Brexit Britain with record investment since Referendum

Montage © Facts4EU.Org 2024

UK economy delivers yet another snub to all the doom ‘n’ gloom merchants of Project Fear

In yet more positive Brexit Britain news, the Office for National Statistics released its ‘Foreign Direct Investment’ (FDI) results for 2022, showing both inbound and outbound investment hitting record highs. Inward FDI broke the £2 trillion mark for the first time since records began. This represents a 74% increase since the EU Referendum.

Broadly, FDI is generally seen as a measure of economic confidence in a country. Foreign investors are betting they will make money by investing in the UK, and British companies are investing abroad because they feel confident about their markets at home.

Brexit Facts4EU.Org Summary

Inward and outward Foreign Direct Investment (FDI), 2022

1. Total stock of investment

Stock of inward FDI by foreign companies: £2,068.0 bn
Stock of outward FDI by British companies: £1.904.8 bn

[Source: Office for National Statistics, 08 Oct 2024.]

2. Increase in investment

Annual increase in inward FDI: £126.8 bn
Annual increase in outward FDI: £176.4 bn

What happened to foreign companies leaving the UK if we voted to leave the EU?

One of the many dire threats made to the British people in 2016 was that foreign companies would simply stop investing in the UK if it voted to leave the European Union, and in particular if it left the EU’s Single Market and Customs Union. It was claimed that without this market access the UK would no longer be an attractive place to invest.

As the above figures show, not only were these claims bogus, they represented the precise opposite of what has happened since the 2016 Referendum.

Inward and outward investment have continued to climb – and to record levels.

Both the inward and the outward foreign direct investment (FDI) position (stocks) increased in 2022 compared with 2021; the value of the UK’s inward position increased by £126.8 billion to £2,068.0 billion, while the outward position increased by £176.4 billion to £1,904.8 billion.

The outward FDI position with the EU increased by £104.1 billion between 2021 and 2022, where the position with the Netherlands was £145.9 billion higher and partly offset by lower positions with other EU member states.

Meanwhile, the woes of the EU’s No.1 economy continue to pile up

Yesterday in Berlin, Germany’s Finance Minister Robert Habeck, gave a press conference where he announced that the EU’s largest economy, Germany, was in worse trouble than had been admitted only three months ago. It is now forecast to contract by 0.2% instead of increasing by 0.3%.

“The upturn is therefore being delayed once again, but now mainly not because of cyclical factors that have become worse or developed more slowly, but because structural factors are making it so much more difficult.”
- Robert Habeck, German Finance Minister, Berlin, 09 Oct 2024

It comes on top of the bad news that the world’s largest chip-maker, the US corporation Intel, has pulled out of a massive €30 billion investment to build a new production plant in Germany. This adds to the misery faced by Germans after the news last month that the iconic car-maker Volkswagen is considering shutting some of its domestic production plants – for the first time in its history - due to falling demand.

Observations

And so we notch up yet another ‘Brexit win’ with these results. We would not claim that the record increase in inbound foreign direct investment is all attributable to Brexit, but the fact remains that another element of ‘Project Fear’ has been laid to rest in dramatic fashion.

Following the historic decision of the British people to leave the yoke of the EU empire, the newly independent Britain has been shown to be a highly investable proposition in the minds of the board directors of the world’s corporations.

With inbound and outbound investment at all-time highs, and earnings (and therefore tax returns) growing, it must be asked why Sir Keir Starmer and his Chancellor of the Exchequer Rachel Reeves seem so determined to talk down the dynamic UK economy they inherited.

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[ Sources: Office for National Statistics ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Thurs 10 Oct 2024

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Reader Comments 13

1. Ashley Great Britain , Thursday, October 10, 2024, 06:05:

That's really good news.
-
The establishment carried out project fear in the hope of keeping the status quo. With a remain vote in the bag all that was sed and done would fall away. They really didn't like losing the vote and it showed how out of touch they are.
The vast majority knew that project fear was utter cods wallop, that's why more people voted to leave and it was a life line for the UK.
Frustratingly and expectedly the Cons/lab/lib/green have spent much energy since the vote in trying to prevent the result coming to fruition.
It's been a terrible display of the reality of how far Britain has been corrupted.
Brexit has not delivered anything like it can thanks to malign forces both at home and abroad. Now we have a further damaging period under labour who have already shown how much more is possible.
If only our politicians had the view of patriotic citizens and behaved in Britain's interests above all else. The leaders of the past had strength, morals and common sense, that's why we have done so well over the centuries. Sadly since the inception of the EU and the spreading of the poison we have been reduced to this.

2. Red and blue , Thursday, October 10, 2024, 07:37:

Genuine question. With the UK trade deal with the EU and forthcoming with CPTPP, does this make the UK uniquely attractive for companies to set up operations and manufacturing here?

3. Ashley Great Britain , Thursday, October 10, 2024, 07:56:

2 red and blue.
-
Well you've answered your own question. We're in Europe but just outside it. The Greenwich meridian is centred on us and most of the world can speak English. CPTPP opens big doors but our future progress is fragile under labour or the Conservatives as they stand.

4. Jeremybrunger17@gmail.com , Thursday, October 10, 2024, 08:05:

Ashley you are absolutely correct. Malignant forces from all quarters.
Our only hope is ReformUK. And, the new Trump team, if they're not thwarted out of a fair election.

5. LuxuryBalloon , Thursday, October 10, 2024, 10:14:

Lord Harrington: 'On the surface of it, the foreign direct investment numbers are reasonably good. We do better in terms of volume than many other comparable countries. But when the numbers are analysed deeply, the situation is not as rosy as it seems. This is shown when we strip out renewables—noble though they are, it is just that the taxpayer is subsidising foreign manufacturers to come in and supply energy, which, while all very good, is not investment in the other way—and if we strip out what I call share swaps, which are basically US private equity and others legitimately taking stakes in companies, which does not really mean new investment.'

6. Ashley Great Britain , Thursday, October 10, 2024, 10:54:

4 Jeremy brunger.
-
Exactly. Why do you think those forces are so against Reform, Nigel Farage and trump.
They represent the nation and it's people, working to strengthen countries and their citizens. This is completely against the views and direction of those malign forces. Hence why we see blatant ballot fraud and the destruction of Brexit.
The new masters have no empathy, compassion or care for the way it was. They are full steam ahead with their agenda that doesn't include us, and is a massive threat to our lives.Even stooping to firing shots at their competition.

7. Sparky , Friday, October 11, 2024, 07:29:

Still clutching at straws, it’s not as bad as they said so it must be a success.
.
FDI flatlined following the ref result, it is good news to see the increase but this is following years of low investment because of the uncertainty of Brexit.
.
Boris Johnson interviewed this week has been quite clear, he did not have a plan for what happens after Brexit. It was a campaign with no strategy.

8. Gazzablack , Friday, October 11, 2024, 13:53:

7, sparkless
.
So what went wrong in the EU then Hiroo, because FDI in the UK has been greater than most of the EU combined?
.
As for FDI flatlining immediately following the Brexit vote.
Business hate uncertainty, and we were in a state of uncertainty due to the Euronuts trying every which way to overturn Brexit.
.
Even so, @November2018 the UK was ranked second in the world for FDI, just behind China.
(The Netherlands and Spain were the only two EU countries to make the top 10).
.
In Europe, the UK has remained the TOP destination for attracting foreign investment in financial services.
.
Year after year, report after report the UK is revealed to be outperforming the EU by a country mile.
.
.
And in the latest example of post Brexit reshoring:
Production of the Mini Cooper convertible has returned to the UK after a nine year run at the GDP Nedcar plant in the Netherlands.
.
Meanwhile
Germany GDP is set to contract for the second year running, marking only the second instance of consecutive years of shrinking GDP since East and West reunification in 1990.

9. Sparky , Saturday, October 12, 2024, 07:47:

A quick summaries on Brexit from me.
.
The OBR still maintain their 4% hit on GDP.
.
Border checks for EU imports are delayed again, so we haven’t felt full the impact of Brexit yet.
.
Disappointingly, The Yorkshire Bylines Davies Downside Dossier (named after David Davies quote, Brexit will be only upsides, no downsides) is coming to an end with 2,000 downsides and 39 upsides.
.
Recent surveys by UKICE found only 9% of Brits think Brexit has gone well.
.
The Independence Documentary launched over a year ago to great fanfare has had onlyt 1,800 views.
.
Even Boris with his boosterisms gives Brexit 9 out of 10 which in Boris’s obscurred vision, lies and exaggerations, is effectively failure. He also revealed that there was no plan for Brexit after the referendum.
.
Kier Starmer has commenced his (thin on detail) reset with the EU. Commitment to the Windsor framework is confirmed but to be fully implemented, Gibraltar not yet resolved.
.
The Cons Party are about to elect a leader from the right of the Party to take on Reform which will split the votes of the Brexitears and leave the door open for Labour to win the next election.
.
Brexit keeps delivering. Have a nice weekend.

10. Sparky , Saturday, October 12, 2024, 07:52:

I forgot to mention immigration increased by 1% in 2023, the one subject that delivered Brexit and the highest increase since the 1970’s. Well done Brexit!

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