UK government launches overseas trade drive

The coalition government yesterday announced moves aimed at attracting more overseas investment to the UK and help firms win business abroad.

Ministers said a new focus on business was needed if the UK was to remain economically competitive in future years.

UK Trade & Investment said it will adopt a more entrepreneurial approach and will actively seek out overseas investors as well as working more closely with British companies. Business Secretary Vince Cable said: "We're rightly proud of British firms and making sure they can increase their exports to a worldwide audience is vital if we are to rebuild our economy."