Mark Elborne, the UK head of General Electric, said the country is still an attractive destination for investment despite the referendum result

One of Britain’s biggest overseas investors is playing down fears that international businesses will overlook the UK once it leaves the European Union.

The UK head of General Electric, the American conglomerate, says in an article in The Times today that Britain remains an attractive destination for investment despite the uncertainty created by the referendum result. Mark Elborne, the chief executive of GE UK, was among the signatories to a letter signed by nearly 200 business people in support of remaining in the EU.

His comments come as it emerges that George Osborne is planning to cut corporation tax to less than 15 per cent to ensure that Britain remains attractive to overseas investors. Mr Osborne told the Financial Times that the move would prove