French Rush to Buy London Homes Despite Brexit

A fascinating report in Forbes Magazine this week has revealed that during the first nine months of this year, the French were the largest foreign buyers of prime central London real estate. Tom Bill, head of U.K. residential research at Knight Frank, told Forbes thatDespite the background noise of Brexit, there is smart money in Europe targeting London”. After the French in the order of largest foreign buyers comes Hong Kongers in second and Americans in third. China, once a leader in the field, has been relegated to fourth place.

While during the referendum PwC predicted that by 2020 London would lose 100,000 finance jobs, a report from EY this month found just 7,500 jobs in financial services have been relocated to Europe. And more have been created in London…

mdi-timer 22 October 2020 @ 15:22 22 Oct 2020 @ 15:22 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Belgian Life Science Giant’s Billion Pound Boost #DespiteBrexit

Despite Brexit and Coronavirus, the positive inward investment news keeps coming for the UK. Today Guido learns that one of Belgium’s premier pharmaceutical companies has announced a £1 billion investment into new UK facilities over the next five years. Especially ironic given they have a Brussels HQ and members of the Belgian establishment as major stakeholders and board members…

Business and Industry Minister Nadhim Zahawi tells Guido “UCB’s investment demonstrates the huge opportunity for companies investing in UK science and research with government support, cementing the UK’s status as a global science superpower.” Health Minister Lord Bethell said: “This investment is a major vote of confidence in our incredible life sciences sector and is further proof the UK continues to lead the way in ground-breaking medical research.” They’re basically cock-a-hoop that Brexit Britain has pinched one of Belgium’s blue-chip pharma investments…

An industry insider tells Guido the firm, ‘UCB’, embarked on a downsizing initiative in which they attempted to shut down their UK operations entirely and shift everything to Belgium, only for the highly-skilled workforce to refuse to move. In the end they gave up, and so the pharmacologists have announced £1 billion of new investment on a 47-acre British campus. A bitter pill for remainers to swallow…

mdi-timer 20 October 2020 @ 12:44 20 Oct 2020 @ 12:44 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Despite Brexit Stories Continue in Midst of Deepest Recession in History

Guido is pleased to see that even in the context of the pandemic, news agencies are dogmatically sticking to the age-old “despite Brexit” headlines. Today’s offering from Sky News that the UK video games sector has hit a record size; with The Independent Games Developers’ Association saying more than 1,740 jobs have been added to the sector in the last year – now generating £907 million in revenues annually. It’s dogma only that sees Brexit still being included in the media’s economic analysis for seemingly no reason, especially given the UK has just been through the deepest recession in its history (unrelated to Brexit of course)…

The domestic video game market isn’t a Brexit-related area, given almost every console company is American or Japanese – one of which the EU doesn’t have a trade deal with, and the other of whom the UK now has a superior agreement with. Still, whatever makes the media happy…

mdi-timer 19 October 2020 @ 17:03 19 Oct 2020 @ 17:03 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
UK Tech Visa Applications Highest on Record #DespiteBrexit

Despite leaving the EU in January and a deep Covid-induced recession in the second quarter of this year, talent from around the world has not been put off from coming to the UK. Far from it, interest has grown according to record-high application data from the UK’s Tech Nation visa. Applications have risen by 8% compared to last year. The top country applicants came from was India, and most were from backgrounds in software development, cloud computing and artificial intelligence…

Stephen Kelly, chair of Tech Nation has said a quarter of those who receive the visa are company founders: “These individuals are setting up businesses across the UK, bringing capital and jobs that are fuelling our economic growth”. Some positive news for the UK’s economic recovery…

mdi-timer 13 October 2020 @ 11:01 13 Oct 2020 @ 11:01 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
City of London Gains Ground on New York, #DespiteBrexit & #DespiteCovid

London has managed to significantly close the gap on New York in the competition to be the leading global financial centre, gaining 24 points in the latest Global Financial Centres Index and leaving the capital just four points behind the Big Apple. Despite Brexit and Corona…

The 24 point jump is by far the largest of the top 20 index, with Shenzhen seeing the second-highest rise of 10 points to 9th place. On top of London’s triumph, Edinburgh has also risen two points 14th place. The best the EU can muster is Luxembourg in 12th place and Paris in 18th. Shanghai, which remains in 3rd place, was previously only 2 points behind London, however has now opened up a -18 gap…

mdi-timer 25 September 2020 @ 15:28 25 Sep 2020 @ 15:28 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Toyota Choose Britain as New Hybrid Car Export Hub

There’s nothing like a classic ‘despite Brexit’ story to round off the week with; not only have Toyota affirmed their commitment to continue manufacturing cars in their Derbyshire factory – despite warnings to the contrary during the EU referendum – they’ve now also announced they’re to shortly begin building a new hybrid car for Suzuki from their Burnaston plant, before being sold right across Europe. This follows Nissan’s decision to concentrate production in Sunderland…

mdi-timer 19 June 2020 @ 17:10 19 Jun 2020 @ 17:10 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
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