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When asked about Nissan ultimatum, trade minister says UK is top for safe investment
October 2, 2016 / 12:47 PM / a year ago

When asked about Nissan ultimatum, trade minister says UK is top for safe investment

BIRMINGHAM, England (Reuters) - Britain is a number one destination for safe investment, trade minister, Liam Fox, said on Sunday, when asked to comment on a carmaker’s appeal for Britain to pay compensation for any tax barriers being put up after Brexit.

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, speaks during a news conference in Yokohama, Japan, May 12, 2016. REUTERS/Thomas Peter

Nissan (7201.T) Chief Executive Carlos Ghosn said last week that he could scrap new investment in Britain’s largest car plant unless the country pledged to pay such compensation.

Fox, speaking at an event on the sidelines of the ruling Conservative Party’s annual conference, said Britain’s strong legal base offers companies certainty when investing.

Reporting by Kylie MacLellan and William James, writing by Elizabeth Piper, editing by Guy Faulconbridge

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