Britain has lost its status as the investment capital of Europe with flows of capital into and out of the country plunging since the crash of 2007, it was revealed.
Data published by the United Nations showed that foreign direct investment into the UK has fallen by more than three quarters since the financial crisis began. At its peak in 2007, the boom in the City meant foreign direct investment into Britain stood at just over £196bn, but this halved in 2008 when the global banking teetered on the brink of collapse and has since halved again to stand at £46bn in 2010. MORE... US debt crisis The White House has warned that President Obama could veto a debt limit plan proposed by top House Republicans. MORE...
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