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Originally Posted by 1andrew1
When I said that the weakened £ would result in good British companies being acquired by overseas companies people called it Project Fear. We've now seen our largest tech company ARM sold to the Japanese and our most successful coffee retailer sold to the Americans. So fewer dividends and tax receipts flowing to the UK in the future.
This is what taking back control looks like...for the Japanese and Americans!
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It's been happening for years Andrew. It's what's known as globalisation.
Makes you wonder how these companies are going to be able to operate in the UK if a no deal Brexit.
In 1963 about 7% of UK companies were foreign owned, by 1998 that had risen to about 31%, 2010 41%. I think there may be a trend here.