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As the country marked five years since the historic referendum, the Independent Business Network (IBN) looked at the apocalyptic predictions that many Remainers said would have happened in the event of Brexit. Its report rubbished many of them, instead showing that Global Britain continues to attract international investment in its droves.
The report also slammed “pro-Remain” business and economic groups, including the IMF, OECD and CBI, for repeatedly underselling the benefits of leaving the EU.
John Longworth, the IBN’s chairman, said: “The UK’s decision to leave the EU five years ago has proven to be the right one.
“The continued GDP growth has confounded all expectations of Remain, the ability to write our own regulations has allowed The City to remain the top destination in Europe for financial services investment, and we have made a great start on securing mutually beneficial trade deals with the rest of the world.
“Not only does this report serve to highlight how wrong the many critics of Brexit were in 2016 with their predictions, more importantly it acts as a warning to those in power.
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“A warning that they should stop listening to policy advice from groups such as the CBI who only now half-heartedly back Brexit to stay relevant.
“Those who did not support Brexit then should not be advising on policy to take advantage of Brexit now.
“We are in a great position to achieve super growth. But to achieve this we need the right policies in place.
“Prioritising family-run and owned businesses, which have been the backbone of our economy since the end of the Second World War, is essential to ensure that the government not only achieves super growth, but does it in a sustainable way, that does not risk our economy overheating and will aid the desired levelling-up agenda.”
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The report’s findings mirror an attractiveness survey by accountancy firm EY which found that the UK, France and Germany are virtually tied in their appeal to foreign investors.
It also said that the UK ranks top among investors for the most credible and investment friendly post-Covid recovery plans.
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