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Government Must Admit True Cost of Attracting Investment
3.44.00pm BST (GMT +0100) Wed 7th Jul 2004
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Malcolm Bruce MP, Shadow Liberal Democrat Secretary for Trade and Industry
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Responding to the publication of Inward Investment figures for 2003/4, Malcolm Bruce MP, Shadow Liberal Democrat Secretary for Trade and Industry, said: "Although the figures look encouraging, we started from a really low base.
"We are told that new jobs are being created, but not told the true cost of Government funding used to attract this investment.
"We don't even know if these jobs will be permanent.
"Furthermore, much of this investment would have been made without using taxpayers' money as an inducement."
ENDS
Notes http://www.invest.uktradeinvest.gov.uk/investmentreport/index.cfm>
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