In UK politicians of all persuasions agree that foreign investment I s important to add to the growth of the UK economy. Steve says you have to have foreigners buying into the UK to counter the currency losses from a sizeable balance of trade deficit. But a lot of that investment will see profits being repatriated back overseas. And then there’d the overseas investment in UK bonds and shares. Andy Burnham, the Manchester Mayor who seems to be positioning himself to replace Keir Starmer, has said we need to limit the ownership of UK nbonds to foreign investors, and not be ‘in hock’ to bond markets. Has he got his thinking right?

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