LONDON, Sept. 5 -- The founder of Britain's leading Brexit political party has welcomed Brexit and sees no economic harm if the UK continues the process.
"The economy has done fine since Brexit, we get more foreign investment than any country in Europe, much more than France or Germany," Alan Sked, emeritus professor of international history at London School of Economics (LSE), has told Xinhua in a recent interview.
Statistics released in Spring by the European Commission showed that 2016 was a good year for foreign direct investment into the UK, despite the Brexit referendum vote midway through the year, and despite the ensuing uncertainty about economic prospects and business and trade policy.
But there are also criticisms that Brexit has undermined the investment confidence in the island country by creating huge uncertainties, quoting the ongoing lengthy and complicated Brexit talks as an example.
The UK attracted 1,144 FDI (foreign direct investment) projects in 2016, up 7 percent on the year before, and topping the table of European Union (EU) nations with 19 percent of the total EU FDI. However, this share of the total EU FDI was slightly down on 2017.
"Growth has continued we have full employment, more employed than ever before. I cannot see what has gone wrong with the economy," said Sked.
UK employment has behaved unusually since the financial crisis. Unemployment now stands at 4.4 percent, a low not seen for more than 40 years, and the employment rate is at a record high.
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