Top grade
Britain has not put off inward investors by staying out of the euro
A WARM welcome to foreign companies wanting to set up shop in Britain has been one of the few industrial policies pursued with any consistency by successive governments over the past 25 years. But since 1997, when Gordon Brown set his five economic tests to determine whether Britain should join the euro, inward investment has attained a new political salience. This is because one of the tests asks whether joining the single currency would “create better conditions for firms making long-term decisions to invest in Britain”.
This article appeared in the Britain section of the print edition under the headline “Top grade”
From the July 14th 2001 edition
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