E&Y finds foreign investment fall

E&Y finds foreign investment fall

Foreign investment in the UK has dropped sharply in the first half of the year, according to a study by Big Five firm Ernst & Young.

The data revealed in Ernst & Young’s European Investment Monitor, shows a sharp decline in inward investment since the 1998 peak when 641 projects were announced, compared to 197 in the first half of this year.

In the first six months of 2001, 21% of Europe’s inward investment projects were based in the UK, compared to 12% in France, it’s nearest competitor.

Although this still made the UK the highest recipient of inward investment projects in the Europe, the number of project announcements has been falling steadily, dropping below 200 for the first time since 1997.

The drop was based on declining telecoms and software investments following the dotcom crash. In the first half of 2001 countries across Europe were also victims of a drop in US outward investment caused by the economic slowdown in that country.

Ernst & Young consultant Mark Hughes said: ‘The UK’s share of inward investment has consistently dominated announced project figures for many years. Britain punches above its weight in Europe in per capita terms.

But, he said: ‘Over the last two years, the UK’s market share has shown a slight but persistent decline.’

Links

E&Y says UK could avoid recession

Ernst & Young’s website

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

1y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

1y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

1y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

1y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource