CFI Parliamentary Chairman highlights increased Israeli investment into UK since referendum

By October 18 2017, 16:57 Latest News No Comments

Stephen CrabbCFI Parliamentary Chairman in the House of Commons, Rt. Hon. Stephen Crabb MP, last week highlighted the 32% increase of Israeli investment in the UK in the 12 months since the EU referendum.

Mr Crabb noted during International Trade Questions in Parliament that “in the 12 months since the EU referendum in 2016, 32 Israeli companies have invested in new business ventures in the UK, bringing an increase in capital investment of 32% from that country”.

He asked Investment Minister Mark Garnier MP: “Does that not demonstrate, first, a strong vote of confidence in the UK economy, and, secondly, that Israel should be a natural partner for any future free trade agreement?”

Mr Garner agreed in his response and welcomed Israel’s investment into Britain, stating: “I have visited Israel; we do a lot of trade with it, and the investment it is making in this country is very welcome”.

He added: “Importantly, since the Brexit vote a huge number of investment projects are coming to the UK, which is creating new jobs. Doom mongers like me who during the referendum were part of the ‘Project Fear’ campaign have been proved wrong, and it is important that we stand up and say that so far we have not got this right, and that is incredibly good news for both Britain and our individual constituencies”.

Click here to read the exchange in full.

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