Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent steps he has taken to increase the level of Foreign Direct Investment into the UK.

Since 2010 we have significantly lowered the headline rate of Corporation Tax from 28% down to 19% today – the lowest in the G20, with further cuts to 17% legislated by 2020.

We have also created a world-leading offer on creative sector tax reliefs, given significant support for R&D investment through the tax system, and introduced the Patent Box regime to attract international investment in intellectual property to the UK.

These steps have helped to create a highly competitive and FDI-friendly business environment.