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Statistics published by the Department for International Trade (DIT) today show new jobs created by foreign investment fell by 9 per cent last year, with the number of company expansions also falling.
Jobs created in 2015/16 were 82,650, calling to 75,226 in 2016/17, the Department said. Firms expanding were down from 821 to 782.
The UK attracted over 2,200 new inward investment projects in 2016-17, a record rate.
Liam Fox, the International Trade Secretary, cast the figures in a positive light – noting that the UK was attracting “record levels of investment” despite the slowing job creation rate.
“Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors,” he said.
“As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination, with an open, liberal economy, world-class talent and business-friendly taxation.” [...]
Full article on The Independent