4.6 • 606 Ratings
🗓️ 10 November 2017
⏱️ 28 minutes
🧾️ Download transcript
What makes the UK an attractive place for foreign companies to invest in? Britain has tended to enjoy high levels of inward investment thanks to its open economy. How might this change when the UK leaves the EU? Evan Davis and guests explore the topic.
Joining Evan Davis are: Ian Robertson, Global Head of BMW sales and marketing Vera Wei, Chief Executive of Sloan Education David Landsman, Executive Director of Tata Limited.
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0:00.0 | This is the BBC. |
0:03.7 | In this edition of the bottom line, we'll be talking about foreign investment in the UK, |
0:09.3 | what drives it and how Brexit might affect it. |
0:13.5 | Hello and welcome to the programme. |
0:15.9 | Now, the government may try to limit immigration, but it has always encouraged immigrant businesses, from foreign carmakers |
0:23.5 | to banks to small firms. And it's easy to see why. When foreign companies invest in the UK, |
0:29.2 | they tend to create jobs and the most productive jobs at that. The UK, with its very open economy, |
0:35.3 | has tended to enjoy high levels of inward investment of this kind. |
0:39.0 | Much of that has simply been takeovers of existing businesses, which is not greeted so |
0:43.4 | enthusiastically, but it is still fair to say that our national business model has depended |
0:48.7 | on foreign investment as much as our labour market has depended on foreign labour. |
0:58.4 | So today, we'll talk about what drives that foreign investment here, |
1:02.7 | and in particular whether Brexit might drive it away as some fear. |
1:06.0 | Well, I'm joined by three guests who can help us understand it all. |
1:11.4 | First up is Ian Robertson, who's the global head of BMW sales and marketing. |
1:15.0 | I don't think we need much of an introduction to BMW, Ian. |
1:17.5 | But just tell us about the operations in the UK. |
1:21.1 | We've got operations here which include manufacturing. |
1:23.3 | So we actually own Rolls-Royce. We own Mini. |
1:25.9 | We have a very large engine factory in the Midlands. |
1:29.4 | For the BMW engines, the standard engines. They go into all products. |
1:31.7 | They don't go into the Rolls-Royces because they're slightly larger than the ones that are made in this country. |
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