(5 years, 7 months ago)
Commons ChamberI thank my hon. Friend for his question. He is right; the world’s largest sovereign wealth fund has said that it will continue its investment here. The latest figures from the United Nations Conference on Trade and Development show that the UK strengthened its position last year as the No. 1 foreign direct investment destination in Europe. The hundreds of thousands of jobs and higher wages that result would be threatened by the Labour party if it got the chance to jack up corporation tax rates and put in place other business-unfriendly policies. That would reverse the investment that has brought so much good to this country since Labour left in 2010.