UK drops down investment league table
Denmark retains top spot in foreign investment stakes
Concerns over tax levels, regulation, poor transport infrastructure and low
levels of productivity have seen the UK slip from fourth to seventh in the
latest survey of 82 countries by the Economist Intelligence Unit.
The survey ranked countries on how much foreign investment they were likely
to receive over the next five years. Denmark retained the top spot, while the US
was ranked below the UK at eighth.
Finland, Holland and Ireland have all surpassed the UK as more attractive
destinations for overseas equity.
The report did say that the UK was still a ‘very attractive’ place for
foreign investment and praised it for being one of the world’s most open
economies.
Six months ago, a survey by the World Economic Forum revealed that the UK had
the 13th most competitive economy in the world in 2004, a drop of two places
from 2003.