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UK ‘second most attractive country for investment’, study discovers


<span>The Bank of England is expected to cut interest rates on 6 February.</span><span>Photograph: Martin Godwin/The Guardian</span>
The Bank of England is anticipated to reduce rate of interest on 6 February.Photograph: Martin Godwin/The Guardian

The UK is the 2nd most appealing nation for financial investment behind the United States, signalling a climb the positions, according to a yearly study of worldwide magnate by the working as a consultant PwC.

Published at the beginning of the World Economic Forum (WEF) in the Swiss ski hotel of Davos, the study of practically 5,000 presidents from 109 nations places the UK in 2nd area, in advance of China, Germany and India.

That notes the highest possible position for the UK in the study’s 28-year background– up from 4th in 2024– and shows up to conceal a few of the grief that has actually floated over the economic situation in current months.

Commenting on the study, the chancellor, Rachel Reeves, stated: “These latest results show global CEOs are backing Britain and the UK is one of the most attractive destinations for international investment. And it’s this investment that will help drive economic growth and improve living standards across the UK.”

Reeves will certainly take a trip to the Davos top herself, participating in a collection of occasions on Wednesday and Thursday targeted at highlighting the UK as a financial investment companion. The organization assistant, Jonathan Reynolds, will certainly additionally go to.

Related: Rachel Reeves will certainly take place Davos appeal offensive as prepare for cuts rattles nerves in the house

The chancellor is readied to fulfill magnate consisting of the JPMorgan Chase president, Jamie Dimon, and Jo Taylor, head of state of titan Canadian pension plans money the Ontario Teachers’ Pension Plan.

Reeves stated: “Business leaders and investors need to know that the UK is where their businesses will flourish, so I’m meeting them face to face in Davos to make our case.”

The UK was distinguished by 14% of the presidents checked by PwC as the location for the majority of honest capital expense, behind the United States, discussed by 30%.

Germany (12%) and China (9%) were the following 2 economic climates in line. Germany is battling recession as a political election impends, while the expectation for China is especially unpredictable, offered Donald Trump’s prepare for sweeping brand-new import tax obligations.

Marco Amitrano, elderly companion of PwC UK, called the searchings for, “a vote of confidence in the UK as a place for business and investment”.

He included: “The UK’s relative stability at a time of instability should not be underestimated, nor should its strength in key sectors including technology. However, there is no room for complacency.”

Last week the International Monetary Fund updated its projection for UK development this year to 1.6% from an earlier projection of 1.5%, driven by Labour’s raised financial investment costs, boosted house financial resources and a collection of anticipated rates of interest cuts by the Bank of England.



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