BusinessCompany NewsUK climbs foreign investment ranks

UK climbs foreign investment ranks

Despite inward investment falling by more than 50% in 2001, the UK has risen in the ranks to become the second biggest investment destination after the United States.

Link: UK suffers dramatic inward investment slump

.

The UK attracted $54bn (£35bn) worth of foreign investments in 2001, less than half the $116bn it received in 2000, while the US saw an even bigger drop from $301bn to just $124bn.

However, the UK climbed up from fourth place to second place on the global charts as it was less severely affected by the overall world investment slump, with cross-border deals across the globe tumbling almost 60% as economic conditions toughened.

In climbing to second place, the UK rose above Belgium and Germany. This news is likely to put to rest any doubts about the UK being able to attract investment while remaining outside the eurozone.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor