Foreign Direct Investment in London

MQT on 2019-06-20
Session date: 
June 20, 2019
Question By: 
Andrew Dismore
Labour Group
Asked Of: 
The Mayor


According to the Guardian, (

“A survey by the consultancy and auditing firm EY found that the UK retained its position as the No 1 European destination for foreign direct investment (FDI) in 2018, but the number of projects was down by 13% on the previous year. Fifteen per cent of global investors have put investment plans in the UK on hold owing to Brexit, the firm said, but only 6% planned to move assets out of the UK in the future. Sectors exposed to Brexit experienced major declines in FDI in 2018, with manufacturing down by 35%, headquarters down 49% and R&D down 17%.”


How do you think this will affect London in particular, and do you agree that this is yet more evidence that a hard Brexit will do calamitous damage to our economy?


Answer for Foreign Direct Investment in London