10 C
Lancashire
Thursday, December 5, 2024

Ex-chancellor George Osborne has said the UK must “redouble our efforts”

Ex-chancellor George Osborne has said the UK must “redouble our efforts” to attract Chinese investment as Britain leaves the European Union.

Mr Osborne, a key Remain campaigner, has expressed his fears that Brexit could put off foreign investment.

The Conservative MP told the state-run China Daily: “We now need to do everything we can to avoid some of the dangers and difficulties that Brexit might offer up to our country.

“And one of those things is making sure it doesn’t deter foreign investment, including from China.

“So I think we need to redouble our efforts to attract that investment, make it clear to Chinese businesses that their investment is welcome here.”

While his Remain ally David Cameron resigned as prime minister and later as MP after the EU referendum, Mr Osborne stayed on.

But Theresa May quickly demoted him to the Commons backbenches when she was selected to take over as Conservative leader and Prime Minister.

Mr Osborne, MP for Tatton, Cheshire, also said he hoped the UK would maintain a “close economic relationship” with Europe.

He said: “I think it is good for Britain as a place to invest and a jumping off point for Europe and I think it is good for the European economy as well because Britain is an important trading partner for many European countries.”

spot_imgspot_img

Latest

How Technology is Transforming Philanthropy

Technology has revolutionised nearly every aspect of modern life,...

MarketsCo.com Review Delves into Brokerage Services and Features

MarketsCo is a brokerage firm that offers a broad...

Lime Licensing & FSB Unite to Expand Small Business Growth

Lime Licensing Group, a trusted expert in franchise consultancy...

Burj Khalifa Illuminates with New RGBW Lighting Upgrade

Revolutionary lighting system unveiled for global icon First...
spot_img

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

Lime Licensing & FSB Unite to Expand Small Business Growth

Lime Licensing Group, a trusted expert in franchise consultancy...

How Technology is Transforming Philanthropy

Technology has revolutionised nearly every aspect of modern life,...

Burj Khalifa Illuminates with New RGBW Lighting Upgrade

Revolutionary lighting system unveiled for global icon First...

MarketsCo.com Review Delves into Brokerage Services and Features

MarketsCo is a brokerage firm that offers a broad...

More News

First Labour budget in 14 years to be delivered today

The first Labour budget in 14 years will be delivered at lunchtime by the chancellor, Rachel Reeves. She previously blamed the Conservatives for leaving a...

Body found in search for Jay Slater missing in Tenerife

Spanish police say they have found human remains during their search for Oswaldtwistle teenager, Jay Slater (pictured). The 19-year-old apprentice bricklayer has not been heard...

Labour landslide: Sir Keir Starmer is the new prime minister

Sir Keir Starmer will be the next prime minister after his party won in a landslide general election. With a few seats left to come...