The UK has been crowned by Forbes, for the second year running, as the best country for business following its latest survey published in December 2018. A total of 161 countries are assessed on 15 different criteria.
The UK is the only country to land among the top 30 in all 15 metrics, including property rights, innovation, taxes, technology, corruption, freedom and workforce. Forbes states that although sterling plummeted 9% against the US dollar the day after the EU referendum result and remains down, the economy has ‘held up relatively well’.
With the official exit from the EU scheduled for this March, Forbes recognises that uncertainty remains. Some UK companies are holding off investments to see how Brexit affects trade relations, but on balance, the business climate remains attractive, with a globalised economy that is more open than most in terms of trade, investments and capital flows.
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