Season 1 · Episode 477
The Ins and Outs of Foreign Money
Not all foreign investment is the same. How do you sort out the cheat from the chaff?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
October 15, 202543m 19s
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Show Notes
In UK politicians of all persuasions agree that foreign investment I s important to add to the growth of the UK economy. Steve says you have to have foreigners buying into the UK to counter the currency losses from a sizeable balance of trade deficit. But a lot of that investment will see profits being repatriated back overseas. And then there’d the overseas investment in UK bonds and shares. Andy Burnham, the Manchester Mayor who seems to be positioning himself to replace Keir Starmer, has said we need to limit the ownership of UK nbonds to foreign investors, and not be ‘in hock’ to bond markets. Has he got his thinking right?
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