LibLink: Vince Cable – Investors deserve red carpet, not red tape

Vince Cable - Some rights reserved by Liberal DemocratsIn the Telegraph, Vince Cable writes:

Britain is open for business. What we say to the emerging economies of the world is that, more than other Western countries, we welcome their investment, ideas, talent and visitors. We are not economic nationalists. We are not inward looking. That is a powerful message in São Paulo, Moscow, Mumbai and Shanghai.

In the article he concentrates on our trading relationship with China.

China is the new economic superpower and we must treat its re-emergence with respect: as an opportunity rather than a threat. It has been transformed in the last three decades since Deng Xiaoping opened up the economy to unlock his nation’s talents. Britain has the potential to benefit from Chinese growth and the flow of goods and services that has resulted. Our future prosperity will depend on it.

But if we are serious about trading more with countries such as China, then we must make sure our borders are as open as possible to genuine tourism, business visitors, investment and trade.

He is particularly critical of the bureaucracy surrounding applications for visas to the UK, which he compares unfavourably with the procedures elsewhere in Europe.

Some useful steps are being taken. From April we are cutting the amount of red tape that Chinese visitors encounter when entering the UK. However, I believe we can and must do more.

It is my job in government to champion British business, universities and science, all of which require that our border controls are administered with a minimum of fuss and bureaucracy. I spend much of my time talking to overseas businesses and encouraging them to invest in Britain and to feel welcome. That’s why I am so supportive of The Daily Telegraph’s campaign to simplify visas for Chinese visitors.

Immigration is an emotional subject and it is important that the public is reassured that it is under control. But the administration of it has to be business-like, supportive of economic growth and welcoming to genuine visitors. Britain can compete and win its share of global markets. But when the French and Germans have already rolled out the red carpet and are reaping the benefits, we cannot afford to lose out.

You can read the full article here.

* Mary Reid is the Monday Editor on Lib Dem Voice.

Read more by or more about , or .
This entry was posted in LibLink.
Advert

2 Comments

  • Richard Dean 12th Feb '13 - 1:11pm

    If you are going to invest a significant amount in the UK, say £100 million, then you probably expect a profitable income stream from that investment, say £10 million annually. In which case, is a little less or a little more red tape going to make that big a difference to your decision to invest or not? Or indeed a red carpet?

  • Daniel Henry 13th Feb '13 - 3:39pm

    If other places offer the profits without the red tape then yes.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • User AvatarMichael BG 29th Apr - 2:31am
    Maybe Nicholas Belfitt’s chances of winning have improved following the decision of the Conservative MP Andrew Turner to stand down after his comments regarding being...
  • User AvatarLorenzo Cherin 29th Apr - 12:32am
    Excellent from the party and leader. A very solvable problem. No shortage of builders or architects, like with nurses or doctors. Money and strategy and...
  • User AvatarMick Taylor 29th Apr - 12:01am
    Mathew Huntbach. Why do you always have to find a negative in everything? We all know you hated the coalition. That was then, this is...
  • User AvatarAshley Pragnell 28th Apr - 11:48pm
    To Win North East Fife we need to be polling at 12 percent across Scotland! If we get 12 percent we would end up with...
  • User AvatarNeil Sandison 28th Apr - 11:02pm
    Teresa May as a female Davros surrounded by Brexit Daleks saying brexit terminate is amusing but the real challenge is getting the public to demand...
  • User AvatarFiona 28th Apr - 10:49pm
    And dare I say it, one of the benefits of the shipping container scheme is that it's fast to build once you've decided on it....