US investors promise more UK investment in spite of Brexit worries

US investors promise more UK investment in spite of Brexit worries

More than half of the large US businesses with operations in the UK plan to increase investment in the next few years despite concerns over the lack of atrade deal between the countries and Britain's departure from the EU.

A survey of 68 large cap American companies employing more than 275,000 people in the UK found "very high" confidence in the country as a place to do business. About one-third rated confidence at the highest levels, while about 60 per cent said that they would increase investment in the UK.

The survey, which was carried out by US/UK trade association BritishAmerican Business and consultancy Bain, spanned businesses from sectors such as financial services and manufacturing to technology, media and telecommunications. Respondents included firms such as insurance group Marsh McLennan and payments company American Express.

"The combination of a strong and multilingual talent base, a supportive business environment, and geographical and timezone advantages continues to make the UK an ideal jumping-off point for our operations outside the US," said Anna Marrs, a group president at American Express.

Dan Glaser, president & chief executive of Marsh McLennan was just as bullish. "The UK is a large and dynamic economy with outstanding regulatory and educational systems," he