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

I welcome the right hon. Lady to our question and answer session, even if she is wrong on almost every point. I hope that she accepts my invitation to debate such matters during the coming general election campaign. We can then let the country judge who is right on trade and industry policies. On the United Kingdom's record in comparison with France, France claimed last year to have created 23,000 jobs from inward investment, the United Kingdom 62,000. In 1995, according to the United Nations, the United Kingdom received nearly 50 per cent. more inward investment than France, accounting for 9 per cent. of world stock compared with 6 per cent. for France. Between 1990 and 1994, the United Kingdom's stock of non-EU inward investment amounted to 30 per cent., compared with France's 10 per cent.