Barclays Urges UK to Attract Trillions More Foreign Capital as Global Share Falls to 7%
Updated
Updated · Bloomberg · Jun 2
Barclays Urges UK to Attract Trillions More Foreign Capital as Global Share Falls to 7%
1 articles · Updated · Bloomberg · Jun 2
Barclays said the UK should become more welcoming to a broader range of foreign investors to draw trillions of pounds in additional overseas capital.
The bank tied that call to a decline in the UK's share of global foreign capital, which fell to 7% last year from 8.6% a decade earlier.
CS Venkatakrishnan, Barclays' chief executive, made the case in a report published Tuesday, framing the drop as a warning for the UK's competitiveness in attracting international money.