UK is the second best country to invest in, survey finds | economics

An annual survey of global business leaders by consulting firm PwC has revealed that the UK has risen in rankings to become the second most attractive investment destination after the US.

In a survey of 5,000 CEOs from 109 countries announced at the opening ceremony of the World Economic Forum (WEF) held at the Davos ski resort in Switzerland, the UK ranked second, ahead of China, Germany, and India.

This is the UK's highest ranking in the survey for 28 years, up from fourth place in 2024, and appears to belie some of the gloom that has hovered over the economy in recent months.

Reeves said the survey showed global CEOs were supportive of the UK. Photo: Stefan Rousseau/PA

Commenting on the survey, Prime Minister Rachel Reeves said: “These latest results show that global CEOs are supporting the UK and that it remains one of the most attractive destinations for international investment. And these investments will help boost economic growth and improve living standards across the UK.

Reeves will attend the Davos summit in person, taking part in a series of events on Wednesday and Thursday aimed at highlighting the UK as an investment partner. Business Secretary Jonathan Reynolds will also attend.

The prime minister is expected to meet business leaders including JPMorgan Chase CEO Jamie Dimon and Jo Taylor, whose Canadian pension giant funds Ontario's teachers' pension plan.

14% of chief executives surveyed by PwC identified the UK as their top destination for future capital investments, followed by the US (30%).

This is followed by Germany (12%) and China (9%). Germany is battling a recession as the election approaches, and the outlook for China is particularly uncertain due to Donald Trump's plans to impose new import tariffs.

Marco Amitrano, senior partner at PwC UK, said the findings signaled confidence in the UK as a hub for business and investment.

He added that the UK's relative stability in times of instability should not be underestimated, nor should its strengths in key sectors, including technology. But there is no room for complacency.

Last week, the International Monetary Fund (IMF) raised its forecast for UK growth this year to 1.6% from 1.5%, boosted by Labor's rise in investment spending, improving household finances and expectations of a series of interest rate cuts from the Bank of England.

Ministers hope the fact that the government has a safe majority, unlike major EU economies such as Germany and France, which face political instability, will boost Britain's attractiveness as a safe haven for investment.

Reeves came under criticism from some business lobby groups after he increased employers' national insurance premiums by 25 billion in the October budget.

Skip past newsletter promotions

Join our business today

Get ready for your work day. All the business news and analysis you need every morning.

Privacy Policy: Our newsletter may contain information about charities, online advertising and externally funded content. Please see our privacy policy for more details. We use Google reCaptcha to secure our website, which is subject to the Google Privacy Policy and Terms of Service.

After newsletter promotion

Some companies have also raised concerns about aspects of government employment legislation aimed at promoting worker rights.

After several days of turmoil in bond markets that threatened to increase the government's borrowing costs, the Treasury earlier this month reiterated Reeves' pledge to adhere to self-imposed fiscal rules.

But most of the move was canceled by the end of last week, with lower-than-expected inflation figures paving the way for the Bank of England to cut interest rates.

This year's Davos Summit will be held on the occasion of Donald Trump's inauguration. The new president is scheduled to deliver a speech via video link on Thursday.

Greenpeace protesters blocked the delegation arriving at the Davos heliport on Monday. Greenpeace's Davos spokeswoman Clara Thompson said: While the world is burning and people are struggling to meet basic needs and deal with worsening climate impacts, politicians, CEOs and powerful elites are coming to Davos. Gathering together and discussing global challenges endlessly is an outrage.

There is a way forward. The super rich should pay their fair share of taxes. There is no shortage of money to solve the climate, environmental and social crises. It's time to let the money end up in the wrong pockets and pay off the wealthy polluting elite.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos