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Qatar to invest £5 billion in UK over next few years
From The Daily Mail:
Theresa May hopes to deepen ties with Qatar after the oil-rich Gulf state announced it will invest £5 billion in the UK over the next few years…
Sheikh Abdullah said: “Over the next three to five years, Qatar will invest £5 billion in the UK economy through various investment funds and relevant parties in Qatar – which will constitute another addition to its already successful investments in the UK.
“Our investments in the UK will focus on energy, infrastructure, real estate, services and other sectors.”
Qatar already has more than £40 billion invested in the UK, including ownership of London’s tallest building The Shard, Harrods department store and the Olympic Village.
This is not “investing” in any meaningful sense, they are collecting rents from the UK economy and subsidies from the UK government (like snapping up the Olympic Village for half price).
Which is what happens when you tax the productive economy and subsidise land (or provide government guaranteed income). Why bother with proper, productive investment (factories, new businesses, innovation etc) when you can just tap into existing government-backed rental streams?
Source: http://markwadsworth.blogspot.com/2017/03/qatar-to-invest-5-billion-in-uk-over.html
