OECD figures suggest UK now top investment choice in Europe

The latest figures from the Organisation for Economic Co-operation and Development shows rising investment in UK amid an uncertain economic global outlook, and in defiance of concerns around Brexit.

The data shows the total value of foreign investment stock into the UK by the end of 2018 increased by 5% to $1,890bn, making the UK the leading destination for FDI in Europe, and the third most significant in the world, behind the US and China.

As of December 2018, the UK holds more inwards investment stock than Germany ($920bn), Spain ($659bn) and Poland ($229) combined.

International trade secretary, Liam Fox said the figures prove that those who talk down Britain’s economic performance are once again wrong.

“We are the investment capital of Europe attracting far more than any of our closest competitors. International investors continue to recognise the fundamental strengths of our economy – everything from our predictable legal system to our world leading financial services," he said.

“Foreign direct investment creates jobs, deepens ties with key markets around the world and underpins Britain’s credentials as the global champion of free trade. My international economic department will ensure the benefits of foreign direct investment continue to be felt right across the country.”

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