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Ernst & Young report positive on UK

The Ernst & Young European Attractiveness report has been issued today and makes good reading for the UK. It found that in 2009 the UK attracted most inward investment into Europe with 678 investment projects creating over 20,000 jobs. France was in second place with 529 projects with Germany a distant third with 418 projects.

Despite the fact that the UK has yet to adopt the euro it seems that overseas investors are more attracted to the UK's, at least in 2009. However, 2010 could be very different with European regulations and European laws having a major impact upon the UK economy and the UK business arena. It is no secret that the likes of Germany and France see the UK as a major threat and will continue to reduce the UK's competitive edge using various European initiatives and powers.

Inward investment in the UK has been a major part of the UK economy for many years and will continue to be so. The Conservative party and Liberal Democrat party alliance will need to convince overseas investors that the UK is still the place to be and promises of a reduction in red tape have already gone down very well.

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