Jones – New investment stats show importance of Single Market to our economy

Companies receiving foreign investment from the EU employ two million people in Britain, new figures released today show.

According to the Office for National Statistics, a total of four million UK employees work for companies that benefit from foreign direct investment. Two million of these are with companies that received investment from the EU. 

The biggest EU sources of investment for UK companies were the Netherlands (632,000 jobs), Luxembourg (321,000 jobs), France (319,000 jobs), and Germany (271,000 jobs).

Commenting, Darren Jones MP, leading supporter of Open Britain, said:

“When millions of British jobs are linked to investment from the EU, it would be madness to put our economic links with Europe at risk.

“Yet that is precisely what this Government is doing through its reckless decision to leave the Single Market and the Customs Union.

“To create jobs here in Britain, companies and investors need certainty and frictionless trade. Those things can best be achieved by remaining in the Single Market.”

/ends

Notes to editors:

The ONS statistics can be seen here: https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/articles/ukforeigndirectinvestmenttrendsandanalysis/summer2017#annex-a-details-of-countries-within-each-continent-for-foreign-direct-investment-statistics