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Brexit information: UK turns into MORE enticing for funding whereas leaving EU – new examine | Politics | Information

The UK climbed two locations to fifth within the 2020 Mergers and Acquisitions Attractiveness Index. Boris Johnson signed a Brexit withdrawal settlement with the EU in January 2020 when the UK formally left the bloc and the UK sealed a commerce take care of Brussels 11 months later.

The annual index, carried out by consultants at Metropolis, College of London, ranks 144 nations on their capacity to draw and keep home and inbound funding.

The US and Singapore maintained to prime two locations within the chart.

Germany got here third, an increase of two locations from fifth in 2019.

The Netherlands have been ranked in fourth place, however had slipped one place in comparison with the earlier 12 months.

Britain improved two locations from seventh in 2019 to fifth place in 2020.

Regardless of remaining exterior the highest 4, the UK recorded the third highest quantity of deal exercise and deal worth behind the US and China.

Researchers insisted this demonstrated “resilience in its monetary infrastructure to proceed attracting abroad funding.”

In addition they identified low rates of interest and a weakened pound because of the worldwide pandemic was one other contributing issue.

He additionally famous the UK had suffered a interval of “decline” within the index over current years.

The UK has fallen 4 locations within the index in comparison with 2015.

Dr Appadu mentioned: “After all, this might additionally counsel an urgency to finalise offers earlier than Britain’s Brexit transition section expired on the finish of the 12 months with a no-deal state of affairs nonetheless on the desk at that time – which may have made such investments extra problematic.

“The uncertainty across the Brexit vote and subsequent negotiations have undoubtedly impacted [the UK’s] gradual decline, and it will likely be attention-grabbing to proceed monitoring this together with the influence of coronavirus.”

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