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Over 2 million jobs at companies receiving EU foreign investment

by Steve Beasant on 10 July, 2017

Over two million jobs in the UK are with companies that receive investment from the EU, striking new figures have revealed today.

According to the Office for National Statistics, a total of four million UK employees work for companies that benefit from foreign direct investment (FDI). Two million of these, or over half, are with companies that received investment from the EU.

The biggest EU sources of investment for UK companies were the Netherlands (632,000 jobs), Luxembourg (321,000 jobs), France (319,000 jobs), and Germany (271,000 jobs).

Liberal Democrat Deputy Leader Jo Swinson said:

“Theresa May’s extreme approach to Brexit is showing callous disregard for the millions of people whose jobs are linked to EU investment.

“These stark figures should serve as a wake-up call.

“It’s time for all MPs who want to defend UK jobs and prosperity to work together and protect Britain’s place in the single market and customs union.

“We must not allow the Conservatives to drag our country towards an extreme, job-destroying Brexit that would damage opportunities for generations to come.

“The Liberal Democrats will keep fighting to give the British people the final say on the deal, with a chance to reject it and stay in the EU.”

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