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

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

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File photo dated 03/06/16 of former Chancellor George Osborne, who has said the UK must "redouble our efforts" to attract Chinese investment as Britain leaves the European Union. PRESS ASSOCIATION Photo. Issue date: Friday November 4, 2016. Mr Osborne, a key Remain campaigner, has expressed his fears that Brexit could put off foreign investment. See PA story POLITICS Osborne. Photo credit should read: Andrew Matthews/PA Wire

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.”

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Andrew Mann
After 34 years working in numerous operational and communications disciplines for three FTSE companies (Yorkshire Electricity; Meggitt and BAE Systems), at over a dozen locations, on 24 November 2016, I became the inaugural editor of Business Lancashire. Business Lancashire is a good news, Lancashire focused, business website and daily newsletter. It is a partnership between The Samuel James Group and the North and Western Lancashire Chamber of Commerce. Over the years, I have written hundreds of press releases, features for trade magazines, copy for websites and brochures, edited in-house magazines and newsletters, as well as presenting a radio programme on Chorley FM. This experience has given me the ideal background for editing Business Lancashire.

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