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Foreign Inward Investment <> Jobs

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Inward investment jobs decline

Dow Jones News - 05/07/2006 - 06:33

The number of new jobs created by

inward investment has fallen in the

last year despite a record number of

projects, the Government revealed


Trade & Industry Secretary Alistair

Darling acknowledged that new jobs were

down but said that those safeguarded by

foreign investment had risen.

Figures published by UK Trade and

Investment showed today that 1,220

inward investment projects had been

recorded last year - up from 1,066 in

2004/5 and their highest level ever.

This idea was telegraphed (ETP!) in last weekends Sunday Telegraph:

Inward investment pays off for Britain

Roger Bootle, Filed: 02/07/2006

Most importantly, what counts as FDI includes the acquisition

of a significant interest in foreign companies. So sometimes

the flood of inward FDI may imply nothing about jobs or

know-how. Indeed, it may simply reflect the fact that the UK

corporate sector is up for sale and is able to attract interested

buyers. This is a large part of the explanation for last year's

bumper figures.

This is why you should not conflate the fortunes of house prices (propped up by job creation)

with the stock market (propped up by investors).

Edited by Sledgehead

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  • 301 Brexit, House prices and Summer 2020

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