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 Margaret Beckett Margaret Beckett , Derby South 1:49 pm, 19th March 1997

Does the Secretary of State deny that the latest international figures show that France, with the social chapter, gets more inward investment than Britain, that British companies invest in the rest of Europe—with the social chapter—more than twice as much as European countries invest in Britain, that Ford is sourcing its new Escort in Spain and Germany, and that despite his earlier remarks, Toyota is considering a huge new investment in France that was described yesterday as a potential major coup? Does not the real damage to British investment and jobs come from the Government's divisions over Europe, their dishonesty and the danger of a fifth Tory term to the 3.5 million people whose jobs depend on Europe?