Emerging from the difficulties of the past few years, the UK economy is now expected to show modest average GDP growth of around 1.4% in 2011 and 2.2% in 2012.
Fiscal policy and credit conditions remain tight, while house prices have dipped and look likely to remain subdued for some time. The main drivers of growth in 2011-12 are expected to be net exports, restocking and business investment.
Businesses hoping to operate in the UK should pay close attention to the upheaval of the past few years and what the UK requires to kick-start its economy. Of course, any business should also consider the following:
But more generally, the UK’s business environment is still considered by many to be one of the world’s most sophisticated and a favourable proposition for businesses of all sizes. The UK is one of the largest of the world’s markets and a high standard of living attracts a number of businesses to the country. The retail and service sectors make up a substantial part of business in the UK. Manufacturing also plays a significant part, as does tourism.
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