Bailey, David, Driffield, Nigel and Karoglou, Michail
(2017)
Brexit means inward investment to the UK will fall.
LSE Brexit
(21 Jul 2017).
Website.
Abstract
Supply chains cross borders many times before components go into a final product in any EU country, write David Bailey, Nigel Driffield and Michail Karoglou. When the UK leaves the Single Market, it will be a less attractive destination for firms wanting to coordinate their resources. The devaluation of sterling also lowers the expected returns from UK investment when translated into the home country’s currency.
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