Companies  parking  cash offshore Companies parking cash offshore
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  1. #1


    Paddy is a fount of knowledge

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    Jul 2006

    Default Companies parking cash offshore

    And why not? What is the point of investing in a sinking ship. The UK is the sick man of Europe since the Brexit vote.

    Samuel Tombs: there is 'clear evidence that Brexit has been bad for the economy' - Business Insider

    Companies are simply parking the extra cash offshore

    "They're not spending it, they're not investing it, they're just storing it overseas in bank accounts at the moment, taking a very cautious approach. Obviously, exporters face a lot of uncertainty right now as a result of the Brexit vote, so they're not pitching any long-term investment decision."

    That's the big risk for the remainder of the year, Tombs believes. That the Brexit dividend inherited by exporters in the form of a devalued pound is wasted, and the political uncertainty surrounding Brexit becomes a concrete bar to new investments in the real economy.
    Brexiteers remind me of religious fanatics, only faith, no facts.

  2. #2


    milanbenes 's job has never been outsourced

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    Last edited by milanbenes; 14th July 2017 at 08:33.

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