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27-04-2021, 07:11 PM
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Brussels humiliated as Brexit Britain retains top spot for start-up investments

As per title:
Brussels humiliated as Brexit Britain retains top spot for start-up investments

"BREXIT Britain remains the number one country for investments in start-ups despite predictions the departure from the EU would have catastrophic effects for the UK."

"According to the latest annual barometer of the EY firm published today, €39billion (£34billion) was invested in 2020 in European start-ups. The amount is up 17 percent compared to 2019. And in a blow to those who predicted a catastrophe for the UK after Brexit, the report found that more than one in three investments were made into British and UK-based start-ups."

One in three!
With over £12 billion of that £34 billion (over a third you will note) being invested in the UK!


That's why the resident EUrophiles here are so vocal; they hate to see the UK doing well while they languish in the doldrums.


https://www.express.co.uk/news/polit...-Henri-Gallois
The Express is only purveying the news BTW, it doesn't invent it.
So to use football parlance, play the ball and not the player with your replies.
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27-04-2021, 07:57 PM
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Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

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27-04-2021, 08:06 PM
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Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Big business will have been warned off investing in the EU after the treatment of Astra Zeneca.
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27-04-2021, 09:33 PM
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Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Originally Posted by Zaphod ->
As per title:
Brussels humiliated as Brexit Britain retains top spot for start-up investments

"BREXIT Britain remains the number one country for investments in start-ups despite predictions the departure from the EU would have catastrophic effects for the UK."

"According to the latest annual barometer of the EY firm published today, €39billion (£34billion) was invested in 2020 in European start-ups. The amount is up 17 percent compared to 2019. And in a blow to those who predicted a catastrophe for the UK after Brexit, the report found that more than one in three investments were made into British and UK-based start-ups."

One in three!
With over £12 billion of that £34 billion (over a third you will note) being invested in the UK!


That's why the resident EUrophiles here are so vocal; they hate to see the UK doing well while they languish in the doldrums.


https://www.express.co.uk/news/polit...-Henri-Gallois
The Express is only purveying the news BTW, it doesn't invent it.
So to use football parlance, play the ball and not the player with your replies.


Well, zappy, I did as you suggested, so I looked for todays publication of Ernst & Young's barometer. Alas, I couldn't find it. Except this: https://www.ey.com/en_nl/ccb .
Is it imaginable that the DE has misquoted another report?

I did find this EY report https://www.ey.com/en_uk/news/2021/0...deal-are-small EY Financial Services Brexit Tracker: UK Financial Services Firms continue to incrementally move assets and relocate jobs to the EU, but changes since the Brexit deal are small

With these quotes:
- 43% (95 out of 222) of Financial Services Firms* have moved or plan to move some UK operations and/or staff to Europe, taking the total number of Brexit-related job moves to almost 7,600, up from 7,500 in October 2020*
- Dublin and Luxembourg remain the most popular EU destinations for staff relocations, new European hubs or office relocations*
- More than a quarter (26% and 57 out of 222) of UK Financial Services Firms have articulated the negative financial impact Brexit is having or will have on their business
- Since late December 2020, four global asset managers and six investment and retail banks have called for greater clarification over the UK’s future relationship with the bloc*
- Since the Referendum, 24 Financial Services Firms have publicly declared they will transfer almost £1.3trn of UK assets to the EU*

UK Financial Services Firms continue moving jobs and assets to the EU, while calling on the Government to ensure the UK maintains a cooperative trading relationship with the bloc. According to the latest data from the EY Financial Services Brexit Tracker, 43% (95 out of 222) of Financial Services Firms have publicly stated they have moved or plan to move some UK operations and/or staff from the UK to Europe, taking the total number of job relocations since the EU Referendum to almost 7,600, up from 7,500 in October 2020.*

Migration of UK assets to Europe reaches almost £1.3trn

Twenty-four of the largest Financial Services Firms (ten banks, nine insurance providers, and five wealth and asset managers) have so far transferred or announced an intention to transfer assets out of the UK to Europe due to Brexit. Not all Firms have publicly declared the value of the assets that could be transferred but, of those that have, EY’s Financial Services Brexit Tracker estimates the figure to be almost £1.3 trillion, up from £1.2 trillion in October 2020.

Omar Ali, EMEIA Financial Services Managing Partner for Client Services at EY, comments: “Financial Services Firms across Europe have a number of chapters still to write before they can close the book on Brexit. After the major hurdle of standing up new EU hubs, the days of significant swathes of asset and job relocation announcements appear to have passed and will likely be replaced by the slower yet ongoing movement of people and assets to Europe for compliance purposes.*
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28-04-2021, 09:12 AM
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Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Originally Posted by Bread ->
Big business will have been warned off investing in the EU after the treatment of Astra Zeneca.
Quite so Bread & betcha that's not been factored in to the EU's growth forecasts.
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28-04-2021, 10:00 AM
6

Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

I see that the LSE has reported a rise in income in the first quarter.
Brexit obviously isn't denting their success either.


https://www.reuters.com/world/uk/lon...me-2021-04-28/
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28-04-2021, 09:12 PM
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Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Originally Posted by Zaphod ->
I see that the LSE has reported a rise in income in the first quarter.
Brexit obviously isn't denting their success either.


https://www.reuters.com/world/uk/lon...me-2021-04-28/
Had you expected otherwise? Why report the obvious?🤔
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28-04-2021, 09:26 PM
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Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Originally Posted by Zaphod ->
As per title:
Brussels humiliated as Brexit Britain retains top spot for start-up investments

"BREXIT Britain remains the number one country for investments in start-ups despite predictions the departure from the EU would have catastrophic effects for the UK."

"According to the latest annual barometer of the EY firm published today, €39billion (£34billion) was invested in 2020 in European start-ups. The amount is up 17 percent compared to 2019. And in a blow to those who predicted a catastrophe for the UK after Brexit, the report found that more than one in three investments were made into British and UK-based start-ups."

One in three!
With over £12 billion of that £34 billion (over a third you will note) being invested in the UK!


The Express is only purveying the news BTW, it doesn't invent it.
The report seems a to be little elusive. Perhaps you could provide a link to it to verify that it isn’t an invention
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28-04-2021, 09:48 PM
9

Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Originally Posted by Banchory ->
The report seems a to be little elusive. Perhaps you could provide a link to it to verify that it isn’t an invention
Please don't take away his moment of joy. You know the ernst & young report doesn't exist. It's the DE again Pleasing the gullible brexiters.
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29-04-2021, 09:24 AM
10

Re: Brussels humiliated as Brexit Britain retains top spot for start-up investments

Originally Posted by Banchory ->
The report seems a to be little elusive. Perhaps you could provide a link to it to verify that it isn’t an invention
There's nothing elusive about it.


If you don't like good news about the UK you won't like this either.


"The government’s contentious decision to invest in OneWeb, the bankrupt satellite operator, has received a significant boost, with Eutelsat, the French space group, joining it as a shareholder and at a higher price.

Eutelsat is injecting $550 million into OneWeb in return for a 24 per cent stake. Last year ministers raised eyebrows in some quarters when they paid $500 million in return for a similar- sized holding.
"

Hang on.
The French buying into OneWeb?
They don't have any faith in the EU's Gallileo?


"Kwasi Kwarteng, the business secretary, seized on the Eutelsat move as a vote of confidence in the project: “Today’s investment is another giant leap forward for OneWeb in realising their ambition to provide global broadband connectivity around the globe,” he said."

https://www.thetimes.co.uk/article/f...eweb-hksd8xnck
Yes it's reported in The Times which, being a reputable source, is subscription-only.
If you can't read it because of that and you won't use the free strial subscription you're going to have to find less-reputable sources for this news yourself or rely upon the excerpts I have posted.
 
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