Britain Will Remain Attractive To Investors - Top British Investors Allay Fears After Brexit!

Top British investors are reacting to the pledge to cut corporation tax rate to below 15%, some will come down 5% as against the 20% current rate, to encourage businesses. 

This came following uncertainties that surround the referendum to exit the European Union. 

Chancellor of the Exchequer, George Osborne, stated that the move to cut corporation tax to less than 15 per cent was to ensure that Britain remains attractive to overseas investors.

An article published by the American conglomerate, Head of UK General Electric, and published in The Times Today, pointed that despite Brexit, Britain remains an attractive destination for investment.

Chief Executive of GE UK, Mark Elborne, who was among the signatories to a letter signed by nearly 200 business people in support of remaining in the European Union, wrote in the article...“We feel confident that these important UK projects will continue despite the uncertainty,” he writes. “And it is not just the domestic market that makes the UK attractive to inward investors. It is also the fact that the UK has a strong export mindset, which supports and promotes UK companies’ efforts overseas.”

Commenting further on the ‘9%’ sterling fall against the dollar, Elborne, wrote, “These examples are illustrations of the UK as a good place to do business in and as a good place to run a business from. And whatever leadership is in place after September they need to work hard to ensure this continues to be the case.”