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Company Relocation (Eastern Europe)

Volume 177: debated on Monday 23 July 1990

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To ask the Secretary of State for Trade and Industry what assessment he has made of the impact upon British industry of the relocation of multinational companies from United Kingdom to lower-wage economies in eastern Europe; and if he will make a statement.

[holding answer 19 July 1990]: I have no evidence of any such problem at present. Nonetheless, I am ready to consider any contrary indications that the hon. Member may wish to draw to my attention. Companies have to take into account a wide variety of factors including market demand, productivity, taxation and skills when locating. The United Kingdom remains a very good place for multinational investment.