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IDIOT FOREIGN INVESTORS

By Pete Moore On August 21st, 2019

UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this year, research shows.

This was more than the amount invested per capita in the US tech sector in the same period, the Department of Digital, Culture, Media and Sport said.

Experts say the weaker pound is drawing investors to the UK tech sector, which leads Europe in terms of funding.

US and Asian firms invested most in the period, according to the study.

Don’t they realise we won’t have food, medicine or the interweb on 1st November?

16 Responses to “IDIOT FOREIGN INVESTORS”

  1. Experts say the weaker pound is drawing investors to the UK tech sectorblockquote>

    Unfortunatrly the weak pound is drawing investors into all sectors of the UK economy. Last week, Greene King (largest pub chain) was bought by a Honk Kong “investor” who is likely to start selling pubs to property developers before you can say “Hard Brexit”.

    And Cobham Aviation, a hi-tech mid air fuel company was snapped up by a USA firm, with no guarantee that the hi-tech and jobs will not be shipped stateside pronto.

    We can expect much more of the above when the pound falls from its current $1.20 to a likely $1.00 on 1st November.

  2. Ah, God be with the days when the imminent death of the Euro was being predicted here daily.
    That was around 5 years ago when the EUR stood at around 1.60 to the Pound.

    Like the Jehova Witness predictions of the end of the world – somehow the collapse didn’t happen. The EUR/POUND rate is 1.09 today.

  3. Noel

    I wouldn’t get too ahead of myself just yet if I was you. Draghi is about to announce thet the Euro interest rate will fall from -.4% to -.6%. That will hammer the profits of the banks even more. DeutcheBank is rapidly becoming a basket case with its share price down 90% since 2008.

    There is no sign yet that the Bank of England will be introducing negative rates. My bet is the the pound will still be here when the Euro has departed.

    https://www.google.com/search?client=firefox-b-d&q=deutchebank+share+price+history

  4. Economics again, Pete… See what you want to see.

    Basically the UK assets are ripe for the picking as they become more attractive to buy as they’ve become cheaper as sterling has deteriorated.

    But, you see it as a good thing. How’s you’re Chinese coming on? Best to brush up on their culture too.

  5. Don’t they realise we won’t have food, medicine or the interweb on 1st November?

    They’re probably not that concerned that importing such stuff will be a whole lot more expensive with the weaker pound as it’s not that relevant to the tech sector.

  6. The Angolan Kwanza is also a weak currency. Why don’t the tech companies invest in the genius of Africa?

  7. Here’s why there will be an election real soon, probably before 31 October:

    Westminster voting intention:

    CON: 42% (+17)
    LAB: 28% (-6)
    LDEM: 15% (-)
    BREX: 5% (-5)
    GRN: 3% (-)

    https://twitter.com/britainelects/status/1164108955339120641?s=20

  8. Ha-ha….. Won’t get fooled again

    and the same dogs keep going back to their vomit

  9. Allan

    That could describe you with your endless repetitive blacks and Jews nonsense.

  10. Colm – tell big-tech to invest in African genius, the Africans who made Africa, Haiti, Baltimore, Detroit, Chicago…….what they are today 🙂

  11. The Angolan Kwanza is also a weak currency. Why don’t the tech companies invest in the genius of Africa?

    Clue us in, what point do you think you’re making. Are you placing Angola in the same sphere as the UK?!?

  12. I think Allan has an unrealised Afro Jewish sexual fetish. His fantasy partner would be Sammy Davis Jnr 😱

  13. The point is that big-tech is discriminatory by not investing money in countries populated by low-IQ inhabitants. It’s so unfair: something should be done about it.

    Oh – I see from Colm and smcgiff that they are doing something about the IQ-gap

  14. Allan,

    You think China buying up the UK due to an artificially weak pound is a good thing. You’re the one making a ridiculous comparison to a poor African nation.

    Well done – the UK is doing very well compared to Angola. Have a star for your copy book.

  15. US companies love doing business in the UK.

    It’s a good business environment generally and should be one going forward.

  16. The world is ending anyway, Pete. This according to St. Greta of Mother Gaia.

    Which reminds me, when she flying back after her trip across the Atlantic ?

    😉