We cannot ignore the experience of Germany and the Czech Republic, where a large number of business concerns have relocated from the former to the latter. We must work hard to retain multinationals from the US and outside the EU and persuade them to stay rather than go to Eastern European countries which have an under-employed and, in the case of one, a well-trained labour force. One of the factors behind our boom in the 1990s was that we had a well-trained, English-speaking labour force. However, multinationals locating here are now finding it more difficult to get the workers they need because we are close to full employment and they will see advantages in moving to eastern Europe. We will have to sharpen our act in order to compete successfully with some of the smaller countries.