Uncertainty is now the biggest threat to the City of London, writes Simeon Djankov. It is not simply a question of whether changes to financial regulation will deter business, but whether the government can deliver on its promises to cut corporate taxes, reform immigration while letting in talent and make corporations more transparent without putting off foreign investors. In […]
The UK has been one of the top recipients of FDI among advanced economies and the biggest recipient of FDI flows into the EU. The long-term impact of Brexit is still subject to uncertainty. However, there are reasons to suppose that FDI into the UK will remain robust, especially by companies servicing UK and non-European markets, writes Laza Kekic.
According to […]
Policymakers are beginning to wake up to the cold reality of what Brexit means for immigration. They are right to be alarmed, says Emma Carmel. The gig economy and London’s growth as a financial centre have changed Britain’s labour market radically. Trying to manage it through visas and work permits will stretch a state already buckling under the strain of austerity.
Brexit will devastate the City and harm European finance – or will it? Wolf-Georg Ringe thinks not. He points out that the EU has shown remarkable flexibility in the past as it tried to fend off financial meltdown. It has ignored state aid rules in order to bail out banks, for example. The deal eventually reached between the UK […]
What remains of Britain’s manufacturing base will suffer outside the single market, write Afzal S. Siddiqui (left) and Max Hänska. Theresa May knows this, but has nonetheless promised to leave it because of the prevailing anti-immigration, inward-turning mood. She would do better to invest in renewable energy technologies – a policy which, as well as enabling the UK to export clean energy, […]