Extracts from Westminster Hall debate on Foreign Direct Investment 2016-17 - Sep 12
Wednesday, 13 September 2017 07:47
Rishi Sunak (Richmond (Yorks)) (Con):...Having spent my
professional life before politics working with and investing in
businesses from California to India, I know that while our
future trading relationship with the EU will of course influence
FDI decisions, it is important to put that one factor into proper
context. The pages of the Financial Times may talk of little else
these days, but it turns out that only 20% of FTSE 100 annual
reports even mentioned Brexit this year... The...Request free trial
(Richmond (Yorks))
(Con):...Having spent my professional life before
politics working with and investing in businesses from California
to India, I know that while our future
trading relationship with the EU will of course influence FDI
decisions, it is important to put that one factor into proper
context. The pages of the Financial Times may talk of little else
these days, but it turns out that only 20% of FTSE 100 annual
reports even mentioned Brexit this year...
The Parliamentary Under-Secretary of State for
International Trade (Mark Garnier):...The shadow Minister
also made a great deal of reference to the Automotive Council UK,
the car industry and what is going on in terms of investment. It is
right to highlight the car industry, which is an amazing example of
a great success story in the UK. By the way, we can look at the
experience of Jaguar Land Rover as a historic example. It has
always been a great British brand that has built some fantastic
cars, but it is the Indian production techniques that have
turned it into a truly profitable and successful business. The
foreign direct investment coming into JLR and continued investment
of the UK demonstrates more than anything else how productivity and
jobs are increased by FDI...
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