How cautious can we afford to be about foreign investment?

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This article originally appeared on CapX

So we all now know all about Theresa May’s industrial strategy for Britain. In addition to cutting red tape and regulation, the Prime Minister wants her Government to promote innovation, with the creation of a £4.7 billion fund to pay for research and by providing £556 million for the “Northern Powerhouse” project.

Naturally, the reception from the business community has been warm; they’re more than happy for an increase in public investment into the economy.

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