The UK enjoyed the highest level of inward investment anywhere in the world, according to figures released by the Organisation of Economic Cooperation and Development (OECD).

Direct foreign investment totalled £91bn in 2005 and was driven up by a boom in takeovers of British companies. British firms bought by overseas operations in recent years include Abbey National, 02 and P&O.

“This is encouraging news and is exactly what Gordon Brown wanted to hear as Britain becomes a kind of global economic hub,” said City analyst Colin Perry.

“Whether or not there is an issue about UK firms losing their national identity remains to be seen, but I suppose this is one of the prices of globalisation.”

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