The UK must adopt the strategic state-backed approach of the US and European governments in wooing foreign investors, according to a plan accepted by chancellor Jeremy Hunt in his Autumn Statement on Wednesday.
Tory peer Lord Richard Harrington, head of a government review into the UK’s approach to attracting foreign investment, said Britain could no longer afford to ignore schemes such as the US’s $2tn Inflation Reduction Act as he laid out a new blueprint for boosting FDI.
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