Tuesday, April 13, 2010

Why We Need Open Markets

I was at a briefing by a leading financial advisory firm where it was pointed out that the UKs FTSE 100 companies derive 76% of their income from overseas.

The United States and the UK share the world’s largest foreign direct investment partnership. US investment in the UK reached $399 billion in 2007, while UK direct investment in the US totalled $411 billion.

If the UK were to go down the 'protectionist' route we would be slitting our economic windpipe.

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