Partner Article

Hague urges diplomats to boost foreign investment

British diplomats need to work harder to bring foreign investment into the UK. This is according to a speech made on Wednesday by the Foreign Secretary, William Hague.

The former Tory leader said that diplomacy must be central in supporting jobs and growth in the UK economy, and more work must be done to “champion” the country as a destination for investors from overseas. Mr Hague said that, while

British diplomats were needed to tackle issues of international importance, such as human rights and freedom, the UK needs to build its influence in new trading hubs and high-growth economies like China, Russia, and India.

Addressing diplomats on Wednesday at the Foreign and Commonwealth Office in London, Mr Hague thanked his audience for their continued efforts, and said the fruits of their labour were felt across the country.

He added: “But we need to build on these successes, increase our ambition, and reach even further; because if we don’t then others will in our place.”

Echoing the PM David Cameron’s speech in July 2010, Mr Hague said it was “clear that Britain is open for business”. The diplomats were praised by the Foreign Secretary for “getting under the skins” of local communities and forging links with businesses.

He concluded: “Whether it be championing the UK’s contribution to the green economy, or influencing trade negotiations in Brussels, it is you, our network, which is connecting opportunities abroad to jobs at home.I want you to know that the work you are doing is vitally important. It is important to us in the FCO.

“It is important to the Prime Minister. And it is important to the whole country. So, I will champion you and the work you do and I want you to champion Britain.”

This was posted in Bdaily's Members' News section by Miranda Dobson .