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.
Share this..
Related stories
Lord Mandelson disappointed with Kraft Foods meeting
Just hours after Kraft Foods officially took control of UK giant Cadbury Lord Mandelson was having a personal meeting with Kraft Foods chief executive Irene Rosenfeld. The meeting was purely and simply an opportunity for the UK government to glean commitment from the new US parent company regarding UK jobs and the future stability of the UK operations. However, it looks as though the meeting with...
Read MoreWhy did the credit rating agencies not spot any problems at Quinn Group?
In light of financial difficulties at Quinn Group, owner of the Quinn Insurance operation, there is concern about the position of credit rating agencies regarding the debt of Quinn Group. In August 2007, when the credit crunch began to take hold, the Moody's credit rating agency came out with a "positive outlook" on Quinn Group despite the fact that the company had begun to invest significant amou...
Read MoreUK employment at record high levels
15/05/2015 UK unemployment continues to fall to record low levels, as the number of people out of work falls to 1.83 million. Official figures from the Office of National Statistics show that the number of people out of work between January and March fell by 35,000 and was the lowest figure in seven years. The total number of people in work rose to 31.1 million. The employment rate in the UK...
Read More95% mortgages on the rise?
The amount of 95% mortgage deals available has risen sharply in the past couple of years, however very few people are being granted a home loan with just a 5% deposit; not only is it hard to obtain one, experts suggest that it is possibly not very sensible either. 95% mortgages are available, from a variety of small building societies, and also from some of the UK's biggest lenders. Many requi...
Read MoreNew generation of SAVIES
A new term has been coined to describe a generation of people who are taking on a second job without a fixed salary, according to Bradford & Bingley.Secondary and variable income workers, or SAVIES, take on a second job for a number of reasons. Eleven per cent of SAVIES are forced to do a second job to pay the bills, while 19 per cent of people say that a second income allows them to fulfil their...
Read More