Britain’s exit from the European Union has created a once-in-a-generation opportunity for Australian businesses to grow in the northern hemisphere, the new leader of the body aimed at fostering and furthering trade and investment between the two countries says.
Real estate and investment group Lendlease and its partners plan to deliver £5.5 billion of investment across its major regeneration projects in London and Birmingham over the next five years. IFM Investors will invest £3 billion over five years to maintain and upgrade the M6 toll road and Manchester, Stansted and East Midlands airports.
“We’re on an equal playing field with the UK when it comes to trade now … so I think there’s a new relationship that really needs to be forged.” Holland went out on her own three years later, working with private equity houses in the UK, to turn around their underperforming companies. Her roles have ranged from advisory through to CEO and chairman in more than 17 countries and more than 20 sectors, including Irvin Aerospace Canada, Bowater Building Products and, at one point, Everest Home Improvements.“Australians are very forthright.
John McClusky, chief of National Australia Bank’s UK arm, said recently that the UK was ripe for investment from Australian funds looking to fuel the transition to net zero. The $230 billion fund AustralianSuper, whose 2.3 million members account for more than 1 in 10 of the Australian workforce, plans to increase the number of staff in its London office from 38 to 90 by the end of 2023, as it hunts for deals in infrastructure and private debt.
And once we sign an FTA with Europe with its 500M population we'll forget the failing UK and move into that market.
UK is of little use now since cutting itself off from the EU a far larger market; winner is Ireland & the EU.