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.
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Once again, the UK turned in an outstanding performance attracting Foreign Direct Investment: a record 887 projects in 2014 – up 11% on 2013 – increased European market share, and 31,198 new jobs.
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.