International Trade Secretary Liam Fox welcomes £16billion investment in Brexit Britain as sign businesses are confident about future
The value of Britain's top companies has hit a record level on the London stock market, leading Fox to hail the 'vote of confidence' in Britain
TRADE Secretary Liam Fox has hailed £16billion of foreign investment in British industry as a huge “vote of confidence” in Brexit Britain.
The splurge by international firms comes a day after the value of Britain’s top companies hit a record level on the London stock market.
The FTSE 100 was at an all-time closing high for the second day in a row thanks to a rally from precious metal stocks yesterday.
International Trade Secretary Dr Liam Fox welcomed recent deals including commitments by Apple and Google to new UK sites plus industry investments in the North East.
Before Christmas Australian firm Peak Resources announced a £100m investment in a new minerals refinery in the Tees Valley.
He said: “Recent major investments show how much the UK is valued as an innovative business-friendly country, and will continue to be as we leave the EU.
“But the benefits of foreign investment have much more impact for local communities across the UK, transforming local industry, creating jobs and tackling issues like housing and clean energy.
“Long-term business investments like these are a clear vote of confidence in the UK and our strong economy post-Brexit.”
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London’s blue chip index soared to a closing high of 7,120.26 on Thursday, up 14.18 points from Wednesday when the traditional Santa Rally helped it reach a record closing high of 7106.08.
It means the Footsie has leapt back by almost a third since its February slump.