British Minister Graham Stuart wants Aust super funds to invest in UK

The British government is trying to entice Australian superannuation funds to invest in the United Kingdom, saying the country will continue to be an attractive destination for foreign capital in the post-Brexit world.

Investment Minister Graham Stuart said that Australia and Britain needed to stand together against protectionism as our common closest ally the US edges closer to a damaging trade war with China.

Visiting the Gold Coast for the Commonwealth Games, Mr Stuart will also meet with business and investment figures as part of the May government’s renewed focus on attracting foreign capital and growing non-European trade following the 2016 vote to leave the European Union.

Mr Stuart said more than 1500 Australian companies were active in Britain and had invested £10 billion ($18.3 billion) but there were opportunities to grow that dramatically.

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