Britain still receives most foreign investment in Europe
The UK has retained its position as receiving more foreign inward investment projects than any other country in Europe, according to a report from Ernst & Young.
The UK has retained its position as receiving more foreign inward investment projects than any other country in Europe, according to a report from Ernst & Young.
The Big Five firm’s European Investment Monitor revealed that the UK took around 24% of the 2,100 projects undertaken throughout Europe but there is evidence that the UK’s share is in decline.
While Britain is securing 130 fewer projects, France saw its market share increase to 18% with a jump to 391 projects.
Barry Bright, director of E&Y’s International Location Advisory Services, said: ‘The implications of these results cannot be ignored, a simple cause and effect between the UK’s non-participation in the euro is not the whole story.
‘But as 50% of UK investments originate from the US, the impact of a weakened euro against the pound and dollar has certainly made the UK less cost competitive as far as manufacturing is concerned.’
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article