The pound's fall since the June 2016 vote to leave the European Union has made British assets cheaper, but Steve Krouskos, a global vice chair at EY, notes Britain also remains an "open environment for foreign investors" even in the midst of the Brexit chaos. That culture, he said, is reinforced by the English language, a skilled workforce, and a strong technology base.
There have been a number of high-profile investments in Britain over the past year, including Comcast's purchase of satellite broadcaster Sky for around 30 billion pounds and Coca-Cola's takeover of Costa Coffee for near 4 billion pounds . Britain's exit from the EU, originally scheduled for March 29, has been delayed until Oct. 31, though it could happen sooner should British lawmakers back the withdrawal agreement that Prime Minister Theresa May negotiated with the EU.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »