Foreign Takeovers Hit Trade

Mail on Sunday › March 23, 2008

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Summary

FOREIGN takeovers of major UK companies - including airports, water companies and power firms - are expected to lead to a further sharp widening of Britain's balance of payments deficit.

Figures for the final quarter of 2007, due out on Friday, are likertly to show that the country is continuing to live well beyond its means and is failing to come anywhere near paying its way in the world.

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Extract

Foreign Takeovers Hit Trade

Part of the problem arises from the flow of earni...

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