“This is not Project Fear, this is happening right here, right now.” My question to the Prime Minister, highlighting massive drop in investment in automotive, plummeting FDI, and urging her to commit to an EEA-based Brexit
Stephen Kinnock: According to the Society of Motor Manufacturers and Traders, investment in new models, equipment and facilities in the UK was just £347 million in the first half of the year compared with £647 million in the same period of 2017, and that is on top of foreign direct investment plummeting by 90% since 2016. This is not “Project Fear”; it is happening right here, right now, to our jobs and to our economy. Does the Prime Minister not recognise that if she were to commit to the European economic area, she would stop the rot?
The Prime Minister: If the hon. Gentleman looks at foreign direct investment in the United Kingdom, he will see that we remain the No. 1 destination for FDI in Europe.