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London remains Europe's premier investment Centre

For the seventh year in a row, London has retained top spot in the Ernst & Young annual report on Europe's most attractive cities to invest in. This is a welcome boost for the UK government as the report, which surveyed 800 executives around the world, singles out London as one of the best placed cities in the world to rebound from the ongoing economic crisis. This is very much at odds with a number of reports which suggest that the UK economy has been one of the worst hit in the world.

It appears that the capital of England is seen as an attractive place to work and live, has excellent communication and travel networks and is also at the heart of the worldwide research sector. These particular comments bode well for the UK financial sector and hopes for a significant increase in foreign investment in the short to medium term.

While this particular report has been well received by many in the city and the suburbs of London there is no doubt that the UK economy is still under severe pressure. The uncertain political scene in the UK is also starting to cause significant concern amid signs of an impending change in government.

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