Where Does Britain's Economy Stand?

According to a survey that ranks the economies of the countries in the world, Britain has the sixth most competitive economy. It is also mentioned that the level of the economy can drop in the future if there will not be taken some action regarding tax and red tape. Investments of the firms could also maintain the current level of the economy.

UK's economy was appreciated highly for its economic stability and dynamic business culture, and was seen as poorly in the innovation and investment sector. UK was ranked better than France, Japan and Canada, but the first positions are still occupied by the Nordic nations and Germany.

As the consultants from Deloitte have said, UK is presumed to fall to 12th position by 2010 if the economic trends keep the same. UK companies should concentrate on globalization and take some of the operations abroad if profit can be made out of it. This might be a solution to keep the competitiveness standard, imposed by the foreign companies.


This report was made by using the competitiveness indicators from government and the European Union. There have been other business competitiveness surveys this year and the Great Britain was ranked the 13 in the World Economic Forum and the 22nd by the IMD business school.