Extract from Commons debate on European Affairs (day 2) - Mar 15
Friday, 16 March 2018 08:48
Mr Bernard Jenkin (Harwich and North Essex) (Con):...Although some
businesses are moving parts of their operations to other EU
countries, the number of jobs being moved is significantly lower
than expected. Foreign direct investment has continued to grow and,
since the referendum vote, there has been a string of major inward
investment decisions. In fact, the year of the referendum, 2016,
turned out to be another record year for inward investment. We have
seen Wells Fargo committing to a new...Request free trial
Mr (Harwich and North Essex)
(Con):...Although some businesses are moving parts of
their operations to other EU countries, the number of jobs being
moved is significantly lower than expected. Foreign direct
investment has continued to grow and, since the referendum vote,
there has been a string of major inward investment decisions. In
fact, the year of the referendum, 2016, turned out to be another
record year for inward investment. We have seen Wells Fargo
committing to a new £300 million London headquarters and Nissan
announcing its new Qashqai and X-Trail models to be built in
Sunderland, making Sunderland a super plant of 600,000 vehicles a
year. In December 2017, GlaxoSmithKline revealed its plans to
invest £40 million in the UK’s life sciences sector. At the
beginning of this month, Siemens committed to building a £200
million train manufacturing plant in the UK if it wins orders for
new Rolling Stock, and, just last week, Toyota
announced that it will build the next generation of its Auris
hatchback at its Burnaston plant in Derbyshire, including a £240
million upgrade of the plant...
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