Rathbones’ final myth is that foreign investors will withdraw from the UK if it leaves the EU.
Smith stressed it is difficult to conclude that the prospect of Brexit is derailing investment flows.
He explained: “2014 was a record year for inward investment, despite the inevitability of the referendum. Surveys indicate that R&D will be the focus of investment projects over the coming years, and here the UK has unparalleled attractiveness.
“Although it is difficult to forecast the long-term implications of Brexit, we do not expect a divestment of foreign investment in the short to medium term, but suggest that investor uncertainty could adjourn future inflows.”
