Monday, 11 July 2016

George Osborne In Wall Street: Invest in Britain

The Brexit was the Tory's biggest nightmare. As it had come true, the government continues to try and plug the sinking ship that is Britain.



UK Finance Minister George Osborne has travelled from London to New York and would be travelling to China and Singapore to help convince investors to stay with the UK.

The upsell comes after immense pull-outs from investors after the Brexit's decision had come to pass. 

The vote had sent the pound to a 31-year-low as uncertainty looms in the background.

“While Britain’s decision to leave the EU clearly presents economic challenges, we now have to do everything we can to make the UK the most attractive place in the world to do business,” Osborne, who backed staying in the EU, said in a statement.

“Pursuing a stronger relationship with our biggest trading partners is now a top priority … my message to the world is that Britain may be leaving the EU but we are not quitting the world. We will continue to be a beacon for free trade, democracy and security, more open to that world than ever.”

Mr Osborne said tying up with the United States, Canada and Mexico would give the UK the leverage it needs to buoy itself off of stormy waters.


“As I will tell Wall Street, we want more finance in London, not less,” Osborne wrote, adding Britain and the United States were the biggest foreign investors in each other’s country.