Gordon Brown: UK still great investment event Business

Prime apportion Gordon Brown and commercial operation cabinet member Lord Mandelson arrive at the Saatchi Gallery, London, for the Global Investment Conference. Photograph: Katie Collins/PA

Gordon Brown attempted to convince commercial operation leaders from abroad that Britain is still a great investment opportunity, at a discussion in London today.

The budding apportion told the Global Investment Conference that unfamiliar investors had a critical purpose to fool around in assisting the nation redeem from the deepest retrogression in 60 years.

"We know that for Britain, a moneyed destiny contingency be built not usually on receptive to advice economics, but investment in the industries of the future, and care of the new scholarship and engineering breakthroughs that are currently moulding tomorrow"s world," pronounced Brown.

He additionally voiced a new "investors" charter", that set out the government"s commitments to companies that bottom themselves in the UK. He told his assembly that this enclosed "creating a learned workforce so you have the most appropriate bent on daub – and the broadest probable bent pool to select from".

Around 250 arch executives, entrepreneurs and academics were in attendance the conference, embody Angela Ahrendts, arch senior manager of Burberry, and Canning Fok, handling executive of Hutchison Whampoa. Jonathan Ive, whose group at Apple written the iPod, is additionally due to speak.

Lord Davies, the traffic minister, argued that Britain had a great lane jot down at attracting unfamiliar investment.

"The UK has been hugely successful at attracting unfamiliar approach investment … There are over 75,000 foreign-owned companies in the UK and they comment for around 40% of GDP," he said.

Britain"s deteriorating open finance management have lifted fears that unfamiliar investors might evade the UK. Some commercial operation groups have additionally claimed that the 50p taxation rope and the asset taxation on bankers" bonuses might expostulate commercial operation overseas.

Chancellor Alistair Darling is additionally rising a "tax horizon for business" today, that sets out the beliefs that will guide supervision policy. This is approaching to embody a oath to deliberate large companies prior to creation serve changes to the taxation or regulatory system.