Gordon Brown sells Britain as Europe’s best place to invest in
On Monday 22 February 2010, Gordon Brown has started a charm offensive to persuade companies from across the world to invest more in the UK.
Brown, accompanied by the trade minister and the Chancellor, has made use of the Global Investment Conference in London to reach these multinational companies. (I was able to find the transcript and video of Brown’s speech to the Global Investment Conference on the following web address: http://www.number10.gov.uk/Page22554).
Brown used a lot of arguments in order to persuade 250 chief executives from across the world to choose the UK for their investment. He called the UK a scientifically and technologically advanced country committed to a good tax regime. Britain has four top universities, a very extensive broadband internet market and is a country which has received a lot of investment in Europe.
He wanted to point out that since 2000, a great number of jobs (more than 800 000) has been created by this inward investment and now they will reduce the UK’s dependence on the US by promoting more investment from India and China.
I think it’s very good that Brown is searching for foreign investment, certainly in times of crisis. The economic crisis has its origins in the United States, so I can only agree with his idea to persuade countries like China and India to invest in the UK.
http://www.telegraph.co.uk/finance/businesslatestnews/7286917/Gordon-Brown-sells-Britain-as-Europes-best-place-to-invest-in.html
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Nicolas
BeantwoordenVerwijderenI agree that this is a good moment to invest in companies. The UK is an important area with a lot of opportunities. In this time of crises, you have to take every opportunity to get back on the rails, so I agree.
On the other hand, there are a lot of other countries where you can invest in, so that could be a reason why they didn’t invest in the UK. Most of the multinationals want to invest in countries with a lower remunerations so it’s a good idea from Brown to search investors.