Britain’s forthcoming exit from the European Union has been blamed for a significant decline in the number of European businesses registering in the UK. The CBI said that while it welcomed the government’s commitment to “take back control” over immigration and reduce net migration, there was still much work left to be done on reducing non-EU migration. A corresponding decline has been seen in the area of direct foreign investment into the UK, which fell 90% in 2017.
Britain’s forthcoming exit from the European Union has been blamed for a significant decline in the number of European businesses registering in the UK. In 2016-17, there were 48% fewer French business registrations compared to the previous year, while Dutch registrations tumbled by 52%. A corresponding decline has been seen in the area of direct foreign investment into the UK, which fell 90% in 2017.