Today, the CBI released its report, "Making the UK the best place to invest," which calls on the government to bolster the UK’s attractiveness to investors, warning that without action, investment and jobs will be lost to other countries.
Foreign investment in the UK fell significantly during the global recession, dropping from $186.4 billion in 2007 to $45.7 billion in 2009, and the UK’s reputation as a good place to invest is under threat.
In its report, the CBI has identified the main drivers for and barriers to investment, based on research from 400 companies, including interviews with senior business leaders.
Key drivers of investment in the UK include:
• A well-developed innovation ecosystem and science base
• The English language
• Cultural aspects and quality of life
• Strong rule of law
Key barriers to investment in the UK include:
• The lack of long-term predictability and certainty
• The 50% personal tax rate
• Skills shortages in the UK
• The impact of regulation, dismissal periods and strike activity
Please find the Executive Summary below:
1. Download CBI UK Best Place Invest Summary April 2011
2. Our Full Report is here and today's Press Release is here
China Direct would like to thank CBI Beijing Policy Analyst Ben Cooper for preparing this note.
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