Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

BoE's Haldane says hopes trade, investment can be preserved after Brexit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2017 | 10:17am CET

Bank of England Chief Economist Andy Haldane stressed the importance of free trade and foreign direct investment to Britain's economy on Monday, saying that he hoped these would be preserved or enhanced following Brexit.

Speaking at the London School of Economics, Haldane highlighted data showing how companies that export or are foreign-owned are more productive, underscoring the importance of openness in both terms of trade or investment from abroad.

Asked how Britain's departure from the European Union might affect its productivity performance, Haldane said: "For a foreign-owned (company), it's twice as productive as domestically run firms. Higher exports, higher productivity - that screams from the data."

"So you would hope that both of those features were preserved, ideally enhanced, in a post-Brexit world," Haldane said.

(Reporting by Andy Bruce; Editing by Hugh Lawson)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
04:51p LEONI : sees favourable trend for future business performance
04:51p CARICOM CARIBBEAN COMMUNITY : PM Harris’ Statement on Deadly Explosion in St. Lucia
04:51p SONIC HEALTHCARE : Update - Dividend/Distribution - SHL
04:51p DEUTSCHE LUFTHANSA : Germanwings pilot not suicidal before deadly crash, says father
04:51p CITY OF WATSONVILLE CA : Freedom Blvd. Reconstruction Project Update
04:51p CITY OF WATSONVILLE CA : Food Scrap Organics Collection Pilot Program
04:51p TEXAS RAILROAD COMMISSION OF TEXAS : RRC Enforcement Actions Taken at Commissioners’ March 21 Conference
04:51p RAPIDCLOUD INTERNATIONAL : Shares To Be Cancelled After Failing To Replace Nomad (ALLISS)
04:51pDJOil Swings Between Gains and Losses
04:50p CERULEAN PHARMA INC. (NASDAQ : CERU) Files An 8-K Regulation FD Disclosure
Latest news
Advertisement
Hot News 
9.18%INFINEON TECHNOLOGIES : raises 2017 outlook on stronger orders
3.02%British engineer Smiths posts higher first-half profit, reaffirms FY outlook
1.03%TESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
0.50%Lamprell sees tough year ahead, recovery only in 2018
1.96%EXCLUSIVE - CHINA-BACKED FUND RELAUNCHES BID FOR U.S. CHIP DEAL APPROVAL : sources
Most Read News
11:33a U.S. shares gain as healthcare vote awaited; gold edges higher
06:41a CREDIT SUISSE : CEO pockets $12 million despite back-to-back losses
02:22a SAMSUNG ELECTRONICS : Elec rejects calls for holding company structure, for now
03/23 DAIMLER : China's Chery files trademark complaint against Mercedes over green car brand
03/23 Twitter explores subscription-based option for first time
Most recommended articles
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
11:48aDJTRANSCANADA : Trump Administration Grants Permit to TransCanada for Keystone Pipeline -- 2nd Update
11:45aDJMAJEDIE ASSET MANAGEMENT LTD MAJEDIE ASSET MANAGEMENT LTD : Form 8.3 - Tesco Plc
11:44a FROM CREPES TO COCKTAILS : can Grand Marnier's new owner make the leap?
11:43a EU stalls Russian gas pipeline, but probably won't stop it