Rebalancing the economy
The UK is showing strong signs of recovery from the recent recession and holds the number one position in Europe for Foreign Direct Investment. Our 2014 UK Attractiveness Survey tells a compelling story of growth, but raises issues around the concentration of investment in London, with our regions showing slower signs of recovery. At EY, we are committed to understanding the reasons behind this and to start looking at ways in which the UK can effectively ‘rebalance its economy'. We believe that now is the time to consider the manufacturing opportunity.
The UK attracted a record 1065 FDI projects and created over 42,000 jobs in 2015, the most in any year since the survey’s 1997 launch.
One last hurrah for UK consumers in 2016 before household incomes are severely squeezed next year.
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The UK financial services industry is set for a stronger year, as the appetite for business and household borrowing increases.
Scotland’s economic growth needs to find a better balance.
Change is coming to Scotland, and it is imperative Scottish businesses are ready to respond.