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Foreign direct investment has been growing rapidly in recent years due mainly to a more welcoming attitude by governments everywhere ‐ not to mention the financial inducements made to entice foreign companies to set up in a country. The UK is the world’s third largest FDI recipient after the US and Canada and almost 40 per cent of the foreign direct investment flowing into the European Union is channelled into the UK. The European Commission disburses over Euro 25 billion annually in the form of loans, grants, guarantees and subsidies to encourage the economic well being of the European Union....

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