Rishi Sunak gave 30 billion reasons Remoaners are wrong about Brexit Britain

Sunak: UK has ‘fastest investment growth anywhere in the G7’

Rishi Sunak kicked off today’s Global Investment Summit with what he called a “sales pitch for Britain”.

But it was much more than that. The Prime Minister was seeking to demonstrate in his tub-thumping address that the British economy continued to defy all those who doubted its potential post-Brexit.

Sunak did not just offer a few reasons why the Remoaners were wrong – he had nearly thirty billion to hand thanks to the £29.5 billion secured from the world’s leading investors for the occasion.

The sum was three times as much as the amount investors pledged at the last investment summit, which suggests investors are increasingly happy to write big cheques as the extent of Brexit Britain’s business-friendly regime becomes clear.

That was only the beginning.

Just last week, Korean investors pledged £21 billion – beginning what is now turning out to be a week worth over £50 billion to our economy.

Today, the Prime Minister was able to boast that the UK enjoys the fastest investment growth out of the G7, more tech unicorns than anywhere in Europe, and was classed the continent’s most attractive investment destination in PWC’s survey of global CEOs.

If Sunak packed in all the good news, his speech could easily have been twice as long.

For example, Britain has been named Europe’s top destination for overseas financial services investment in an EY survey – well ahead of France and Germany.

Nowhere else in Europe attracts more tech investment than the United Kingdom, with its lead untouched over recent years.

Such investment will drive growth and bring new jobs in the industries powering our economic success, which is why the Government is right to roll the red carpet out for the world’s big dealmakers today.

Remainers can say little in response than to find ways to trash other big Brexit wins.

For example, Diane Abbott and others have seized upon the OBR’s assessment in its latest report that UK membership of the Comprehensive Agreement for Trans-Pacific Partnership will deliver a boost to GDP of around 0.04 per cent.

Yet that is not a killer argument, but a shoddy one.

These Whitehall estimates will inevitably be wrong. They look ahead over the next 15 years, yet fail to consider the added value from the future growth of the lucrative markets Britain is coupling with as part of CPTPP – such as Vietnam and Malaysia.

Such economies will make up a greater share of global GDP in the coming years, while economies like those in the Eurozone shrink comparatively.

The estimates also fail to consider the likelihood of more countries joining CPTPP, with economies like Costa Rica, Ecuador and Uruguay already in the queue.

Each new member will increase the potential size of the economic prize for the UK, cementing its place in a trade bloc soon rivalling the EU in the economic heft.

Put simply, the statistic bandied about by Remainers is, if anything, an underestimate.

They’ll find it hard to resist pushing such numbers in order to desperately talk down Britain’s prospects.

Yet today we have had the clearest proof yet that the Remoaners are on a hiding to nothing.

The world’s leading investors are queuing up to invest in Brexit Britain. They’re not buying the Remoanerish rhetoric that our best days lie behind us. Instead, they want a piece of the action.

By showing the colour of their money, investors are issuing a powerful vote of confidence in Brexit Britain.

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