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11.07.2016 10:20

Osborne will try to convince US investors to stay with Britain

British Finance Minister George Osborne said that today will meet with some of the largest Wall Street investors to persuade them to continue investing in Britain, despite the recent results of the referendum.

The pound collapsed to 31-year low against the dollar and now many investors warn that Britain, which until then was the fifth-largest economy in the world, is faced with the uncertainty of long-term trade investment.

"We now have to do everything that we can so that UK is the most attractive place in the world to do business," - said Osborne. - Stronger relationships with our trading partners are currently the top priority. We will continue to be a beacon for free trade, democracy and security. "

Osborne also said that he would like to strengthen trade ties with the United States, Canada and Mexico. At a meeting with Osbourne last week, five US investment banks have promised that they will try to help London retain its first place as an international financial center. However, one of the banks at the meeting warned that the uncertainty regarding the future trade relations with the EU complicate further investment.

Osborne's visit to New York will be the first of a series of trade missions in the world's key financial and political centers, including Singapore and China later this month. Later this week he will also need to meet with US Treasury Secretary Jack Lew in London and will hold talks with the finance ministers of other EU member states in Brussels.

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