Sadly, trade minister is right to say UK firms do better in foreign hands | Phillip Inman

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The government should do more to strengthen British businesses to stop them from being snapped up

UK firms perform better under foreign ownership, says the trade minister Gerald Grimstone.

“All our research shows that overseas invested companies in the UK are more productive … they generate more jobs than UK companies, they generate more intellectual property and they export more,” he told the BBC.

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