Commenting on the announcement by McDonald’s that it will move its non-US tax base from Luxembourg to the UK, Change Britain spokesperson Chloe Westley said:
‘Today’s announcement shows that McDonald’s is lovin’ Britain. It joins a long line of large international companies who have chosen to invest in the UK since the vote to leave the EU.
‘This vote of confidence in the British economy pours cold water on the stories of economic doom we heard from those peddling Project Fear during the referendum campaign, and is further evidence that the UK remains an attractive place to do business.
‘Outside of the EU’s single market we can strengthen our economy by building a more effective regulatory environment, and attract global investors by striking free trade deals with the fast-growing economies of the 21st Century. This will create thousands of jobs and help share prosperity right across the country.’
Notes to Editors
McDonald’s has said it will move its non-US tax base from Luxembourg to the UK (BBC, December 2016, link)
A number of international companies have made major investment announcements in the UK since the vote to leave the EU, including:
- Facebook – pledged to create 500 new jobs in the UK (Times, November 2016, link)
- SoftBank – bought chip designer ARM for £24 billion (BBC, July 2016, link)
- Google – will build a new headquarters in the UK, creating up to 3,000 news jobs and totalling an estimated £1bn in extra investment (BBC, November 2016, link)
- Nissan – confirmed it will build both the new Qashqai and the X-Trail SUV at its Sunderland plant (BBC, October 2016, link)
- IBM – will build four more data centres in the UK (Business Insider, November 2016, link)