The third largest economy in Europe after France and Germany, the United Kingdom is also one of the oldest and most stable democracies in the world. It ranks high in most quality of life indicators, including personal freedom, innovation, property rights, and investor protection. Manufacturing, once a crucial driver of economic growth, now only accounts for 10 percent of the GDP. Banking, business services, and insurance are today's key industries. Investors in the UK have access to a highly educated workforce that is fluent in English, the language of international business communication.
United Kingdom: Stability Is the Watchword
According to Forbes, the United Kingdom ranks first globally on its list of Best Countries for Business.
US News ranks the UK 5th in the world for entrepreneurship.
The GDP in Q3 of 2019 surpassed predictions, ensuring the UK will avoid recession.
The current Bank of England base interest rate is a low .75%.