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

The UK is the 2nd most eye-catching nation for financial investment behind the United States, signalling a go up the positions, according to a yearly study of international 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 nearly 5,000 presidents from 109 nations places the UK in 2nd area, in advance of China, Germany and India.

That notes the greatest position for the UK in the study’s 28-year background– up from 4th in 2024– and shows up to hide several of the grief that has actually floated over the economic climate in current months.

Commenting on the study, the chancellor, Rachel Reeves, claimed: “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 focused on highlighting the UK as a financial investment companion. The organization assistant, Jonathan Reynolds, will certainly additionally participate in.

The chancellor is readied to satisfy 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 claimed: “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 evaluated by PwC as the location for a lot of upcoming capital expense, behind the United States, stated by 30%.

Germany (12%) and China (9%) were the following 2 economic climates in line. Germany is fighting economic crisis as a political election impends, while the overview for China is especially unpredictable, provided 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 enhanced financial investment costs, boosted house financial resources and a collection of anticipated rates of interest cuts by the Bank of England.

Ministers really hope the truth the federal government has a safe and secure bulk, unlike significant EU economic climates such as Germany and France, which encounter political instability, will certainly raise the UK’s good looks as a safe house for financial investment.

Reeves has actually come under objection from some organization entrance hall teams after her October budget plan enforced a ₤ 25bn rise in company nationwide insurance coverage payments.

Some companies have actually additionally increased worries concerning elements of the federal government’s work costs, focused on improving employees’ civil liberties.

The Treasury reiterated Reeves’s dedication to fulfilling her self-imposed financial policies previously this month after a troubled couple of days on bond markets that took the chance of elevating the price of loaning for the federal government.

However, a lot of the action was turned around by the end of recently, after less than anticipated rising cost of living numbers broke the ice for the Bank of England to reduce rate of interest.

This year’s Davos top will certainly occur in the darkness of Donald Trump’s commencement. The brand-new head of state will certainly resolve the event by video-link on Thursday.

Greenpeace activists obstructed delegates coming to a Davos airport onMonday Clara Thompson, Greenpeace speaker in Davos, claimed: “It is an outrage that politicians, CEOs and the powerful elite gather at Davos to debate endlessly on global challenges while the world is burning and people struggle with meeting basic needs and dealing with worsening climate impacts.

“There is a way forward: the super-rich must pay their fair share of taxes. There’s no lack of money to address the climate and environmental and social crisis, it’s just in the wrong pockets and it’s time to make rich polluting elites pay.”