The UK ranked as the third-most popular nation for investment, with the total value of foreign investment stock in the UK increasing by 5 per cent to $1.9trn (£1.5trn) at the end of 2018, figures released yesterday revealed.

Data published by the Organisation for Economic Co-operation and Development (OECD) found that the UK is the leading destination for foreign direct investment in Europe, and was ranked third globally, with only the US and China ranked higher.

The UK held a higher level of inward stock at the end of 2018 than Germany ($920bn), Spain ($659bn) and Poland ($229bn), even when the values are combined, despite current economic and political uncertainty.

International Trade Secretary and President of the Board of Trade Dr Liam Fox said: “The latest OECD figures show the UK remains one of the world’s most attractive destinations for foreign investment. Those who would talk down Britain’s economic performance are proven wrong once again.

“We are the investment capital of Europe attracting far more than any of our closest competitors. International investors continue to recognise the fundamental strengths of our economy – everything from our predictable legal system to our world leading financial services.

“Foreign direct investment creates jobs, deepens ties with key markets around the world and underpins Britain’s credentials as the global champion of free trade. My international economic department will ensure the benefits of foreign direct investment continue to be felt right across the country.”

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