halfcenturyup
Well-Known Member
- Joined
- 12 Oct 2009
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Yup, hence when the PL started to fuck around with City which threatened a £20bn investment into a desperate post-Brexit Britain, the Tories acted to secure part of the investment & a month later the announced IREF to regulate PL football. Coincidence?
Big money talks.
View attachment 104081
The UK expects to raise tens of billions of pounds of investment from the United Arab Emirates as it resets its business relationship after last year’s political chaos in Westminster.
Grant Shapps, secretary of state for business, energy and industrial strategy, said on Friday that “political changes” in the UK, which resulted in the country having three prime ministers in a year, had potentially slowed the pace of inward investment from the Gulf state.
During meetings with government official and sovereign funds, Shapps said that UAE investors were focused on going beyond the £6.1bn of investment already made through the five-year £10bn UAE-UK partnership, which was sealed in 2021.
“They [UAE investors] are absolutely certain that they would go to £10bn and beyond,” he said, while the remaining £4bn of inward commitments would be “met and smashed through”.
“There are tens of billions of pounds more of investment which we know is there,” Shapps said. “Things went on hold a bit over the summer and into the autumn but they [UAE investors] were pleased to hear it’s settled down.”
https://www.ft.com/content/04dd14bf-66c3-434c-b21e-505d222a5d68
Yes, I know. I was just questioning this part of your post:
The UAE were the first to recognise the need to modernise in order to attract inward Western investment as a way of diverging their oil based economy.
It seems to me it is the opposite. They are investing outwardly into Europe, Africa, the Americas and Asia as a way of diversifying their oil-based economy.
Maybe that is what you meant?