Investors have withdrawn $356 billion from Britain over the past 15 months amid mounting concerns about the domestic political climate and as Russian money has moved abroad after sanctions were imposed on Ukraine.
The UK has experienced unprecedented financial outflows over the period, in turn raising concerns about the strength of the pound, according to figures from CrossBorder Capital.
In a sign that investors may be worried about Britain’s position after the election, outflows accelerated to $24 billion in March, the most recent month for which there is data.
The financial haemorrhage is surprising because Britain has been a magnet for capital for the bulk of the 35 years for which CrossBorder has figures. The last sustained sell-offs were around the 2005 and 2010 elections,