Boris Johnson Sets Up Unit to Attract Post-Brexit Investors to U.K.

Prime Minister Boris Johnson announced the creation of a new unit to help attract international investment to the U.K. after it completes its departure from the European Union’s Single Market and Customs Union at the end of the year.

Under the leadership of former Barclays Plc Chairman Gerry Grimstone, the Office for Investment will seek to smooth obstacles that might deter foreign companies, including “regulatory constraints and planning issues,” the Department for International Trade said Monday.