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Monday, 5 June 2017

Theresa May and the great Qatar conundrum

Theresa May and the great Qatar conundrum:

"Barely three months ago, when Theresa May seemed more secure as Britain’s prime minister, and attitudes to triggering EU secession felt that much more bullish, there was a lot of bluster about the continuing attractiveness of the UK as an investment destination.

Qatar, a big investor in the UK, was wheeled out to trumpet the case for a post-Brexit boom. Two days before the Article 50 Brexit button was pressed, the Qatari prime minister said he expected to pump £5bn into the UK over the next five years.

This small Gulf state has long been a core supplier of energy to the UK — it accounts for as much as 90 per cent of Britain’s imports of liquefied natural gas. But, especially in the years since the 2008 financial crisis, it has also become a disproportionately important financial investor."

'via Blog this'