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British businesses continued to perform strongly in the first quarter of this year, according to new figures from the Office for National Statistics (ONS).
Profits at business start-up initiatives and other UK firms outside the financial sector remained close to record levels during that time.
The net rate of return stood at 15.1 per cent for the first quarter of 2007, down just 0.1 per cent on the previous quarter.
Howard Archer, chief UK economist at Global Insight, emphasised that the figures were "extremely healthy".
Data from the Foreign and Commonwealth Office and the Department for Business Enterprise and Regulatory Reform revealed that inward investment grew by around 17 per cent in 2006/07.
There were over 1,400 projects involving company formation and expansion, creating more than 36,000 new jobs and safeguarding some 41,000 others.
The government departments reported: "The 17 per cent increase demonstrates that the UKs proposition - with its business-friendly environment, political and economic stability, world-class creative talent, and strong research and development base - continues to act as a powerful magnet for foreign investors.
"The UK has won projects from world-class overseas companies, proving we can compete on the international stage despite increasing competition and the challenges of globalisation."
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