Foreign companies continue to be attracted to buying U.K. businesses, but domestic M&A activity has plummeted to just a sixth of its former value, the Office for National Statistics revealed in a report on Tuesday.
Deals involving only British companies fell from £17.9 billion ($20.5 billion) between April and June 2021 to just £2.9 billion in the corresponding period this year — a drop of almost 84%, the ONS…
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