The UK Minister for Investment, Lord Dominic Johnson, recently visited the city of Toronto in Canada to meet with pension funds and other assorted institutional investors. He announced that he had received a warmer reception than many in the financial community anticipated.
He argued that despite the political upheaval and economic instability of recent years, Britain’s departure from the European Union has made it an easier task to convince investors that the UK has a valuable business climate.
UK savers seeking suitable assets often consult experts in portfolio management in Shropshire, Cheshire and other counties. Wealth managers actively manage investment portfolios for their clients to they continue to fulfil their objectives.
Lord Johnson explained that dealing with the UK as an independent nation since it formally departed in 2020 meant less red tape to manage and lower corporate tax rates, commenting:
“It actually makes my job easier. Because what I’m able to do is differentiate ourselves from the rest of the EU.”
He highlighted a series of new trade agreements that the UK has joined including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Britain signed up to join the CPTPP, which currently includes Pacific Rim nations like Vietnam, Japan and Malaysia, along with other countries based in the regions such as Canada and Australia.
Johnson stated emphatically that the UK is a free trader, and that Brexit was not an anti-free-trade step. He added that Britain has gone from being part of a single market to becoming involved in a series of multilateral relationships, which offer superior trade prospects.
