Recession and Unemployment

Part of Opposition Day – in the House of Commons at 9:08 pm on 19 February 1992.

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Photo of Mr Anthony Beaumont-Dark Mr Anthony Beaumont-Dark , Birmingham, Selly Oak 9:08, 19 February 1992

I am obliged to the hon. Gentleman for giving way, because I want to ask him one simple question. If we live in a world in which people invest for profit, which is surely a sensible thing to do, how is it that in this knacker's yard of an economy—[Interruption.]—that is how the economy has been portrayed by Labour Members today—60 per cent. of all foreign investment in the Common Market comes to this country? Why does six times more money come to this country than goes to Germany? Why do people want to invest here—to lose money? Is it not true that the socialists are more concerned with office and the investors have got it right?