Accountancy Age has covered Ernst & Young's work on inward investment in Europe:

The number of foreign projects into Europe rose to a record high of 3,531 last year, up by 15% on 2005. The UK (19%) and France (16%) remained the top two destinations, with Germany a distant third (8%).

So let's put aside as complete rubbish all the nonsense that is said about the UK being uncompetitive and that people are queueing to leave. It's simply not true. And it's also obviously completely untrue that our tax system puts people off as well.

Which means we can dismiss all that the CBI and others say on this for exactly what it is: self interested politics with absolutely no basis in fact.