Is the UK losing its presence on the worldwide stage?
For many years the UK appears to have punched above its weight on the worldwide stage having the ear of countries such as America and leading European counterparts. However, since the credit crunch a number of weaknesses in the UK economy have been brought to the fore and indeed the country has been placed on an "avoid" list by many investors. So is the UK losing its presence on the worldwide stage?
There is no doubt that at this moment in time the voice of the UK is nowhere near as loud as it has been on the worldwide stage. However, while the debt issue in the country continues to grab the headlines it is worth remembering that many other countries have their own debt issues and other problems such as pension payments in Italy. The UK may well be the focus of the attention at the moment but the underlying prospects for the country in the longer term are still very positive.
It does seem as though we will go through a period of short-term pain for long-term gain although how long this "short-term pain" will last remains to be seen.
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