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Investment

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 1:49 pm on 19th March 1997.

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Photo of Mr Ian Lang Mr Ian Lang , Galloway and Upper Nithsdale 1:49 pm, 19th March 1997

The hon. Gentleman is talking absolute nonsense. Toyota has taken no such decision and, along with Nissan, Honda, Ford and others, has reinforced its commitment to this country year after year with massive investment. Toyota is in the process of creating more than 1,000 jobs in Derbyshire as a result of massive investment. We have attracted more than 40 per cent. of Japanese investment in Europe, and that figure will rise—it is running at 56 per cent. in the current year. That is a measure of the strength of the United Kingdom which, under a Conservative Government, is one of the most attractive places in the world to invest.