Inward 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 Jon Owen Jones Mr Jon Owen Jones , Cardiff Central 1:49 pm, 19th March 1997

The Secretary of State cites the statistics in a way that is helpful to him, but the truth is that the average amount of inward investment going to France in those years was £19 billion, and the average going to Britain £17 billion. Do not those statistics nail the lie, which the Secretary of State has used again twice today, that inward investment is discouraged by the social chapter and the minimum wage, which have obviously not succeeded in stopping inward investment going to France?