Very often, moving to the UK is the first foothold in Europe for many companies and is seen as a relatively easy step, not only because English is the language of business globally, but also because the UK ranks as easiest place to operate a business in Europe1. Combine this with being the third largest economy of Europe2, with London being the primary business city of Europe3, and with a favourable company taxation system and you have the ingredients for your sound choice of location. In addition the UK is also home to the number 1 business school in Europe, the London Business School7.
Heathrow is the largest airport in Europe when it comes to passenger traffic4 and the UK also ranks number one in the maritime transport of goods in Europe. Combined with being the third country when it comes to kilometres of rail network in Europe5 the UK has proven to be a true European logistics hub.
Looking at the quality of its scientific research institutions, the UK ranks third in the world and is ranked second in University-Industry collaboration6. The workforce is also rated amongst the most highly qualified of Europe5.
With English as the first language, it is easy for foreigners to settle here and is the second best place in Europe to employ people1.
The most problematic factors for doing business in the UK6 are considered to be:
• Tax rates
• Access to financing
• Inefficient Government Bureaucracy
1 Doing Business 2011 - World Bank
2 World Economic Outlook Database, October 2010 - IMF
3 European City Monitor, Cushman & Wakefield, 2011
4 Airports Council International
5 Eurostat 2010
6 Global Competitiveness Report 2011-2012 (World Economic Forum)
7 Global MBA ranking 2011, Financial Times