Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Bullish bosses rate UK in top three markets for investment

by January 17, 2023
January 17, 2023
Bullish bosses rate UK in top three markets for investment

Global chief executives rank the UK as the third most important country for investment, jointly with Germany and behind only the US and China.

Despite recent political turmoil, chief executives are increasingly bullish about the UK, according to PwC’s 26th annual Global CEO Survey. Only 9 per cent selected the UK as a market to grow revenue in 2020, compared with 18 per cent who selected it this year.

Kevin Ellis, the chairman and senior partner of PwC UK, said that strength in areas such as artificial intelligence and biotech, alongside a business-friendly environment, made the UK an increasingly attractive market.

“Chief executives don’t expand and invest on a whim — they’re choosing the UK as that’s where they expect to see returns. To keep the UK attractive, we need renewed focus on skills and regional growth, both of which will help unlock productivity.”

The survey of 4,410 chief executives in 150 countries was published to coincide with the World Economic Forum in Davos.

It reveals that UK bosses are more upbeat than their international counterparts: only 4 per cent of UK chief executives expect the economy to decline significantly, while the proportion among global chief executives is 12 per cent. However, only 21 per cent of UK chief executives expect the global economy to improve in the next 12 months, down from 82 per cent last year.

Despite this, UK chief executives are upbeat about their own companies’ prospects: 48 per cent are “very or extremely confident” about prospects in the next 12 months, compared with 42 per cent of global chief executives.

In the longer term, almost one in four UK chief executives fear their companies will not be economically viable within a decade without significant changes to their business model.

Ellis said: “Businesses have already undergone massive change this decade. But this is the tip of the iceberg — many CEOs believe their current business models are unsustainable and this means more change ahead. This isn’t about tinkering but fundamental changes requiring big investment in people, skills and technology.”

More than a quarter (26 per cent) of UK chief executives said that they were “moderately or extremely exposed to the threat of climate change over the next 12 months”, compared with 39 per cent of chief executives globally.

Read more:
Bullish bosses rate UK in top three markets for investment

0
FacebookTwitterGoogle +Pinterest
previous post
Inflation fuels sharp rise in businesses going bust
next post
Meet Tom Emmer: lawyer, hockey player, father of seven and the new House majority whip

You may also like

Carpetright Paralysed by Cyberattack: Online and In-Store Trading...

April 23, 2024

Q&A Spotlight with Andrew Young, CEO of Conjugate...

January 24, 2025

How to Choose the Right Electric Bicycle

June 28, 2024

Government to push through revenue caps for renewable...

October 10, 2022

Location tech scaleup Navenio secures $6.3m to boost...

September 20, 2023

Santander cuts UK mortgage lending by more than...

October 25, 2023

New EU Ombudsman must carry on transparency crusade...

December 23, 2024

China accuses UK politicians of ‘arrogance’ amid British...

April 16, 2025

Rosebud accelerates the growth of 43 businesses across...

January 2, 2024

Rivian announce partnership to build in Europe with...

September 9, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved