Forbes: UK number one country to do business in

The UK has been ranked as the number one country to do business in by Forbes’ Best Countries for Business 2018.

The news comes after a turbulent year for the UK, including a snap election and the Brexit vote.

In its assessment of more than 150 countries, Forbes said the UK economy as a whole “has held up relatively well”.

The UK ranks among the top 25 countries in all of the metrics tracked, apart from political risk, in which it ranked 28th out of 153.

Property rights, innovation, taxes, technology, corruption, freedom, red tape, and investor protection were also factors taken into consideration.

The publication highlights on strong inward investment, with large conglomerates, including the likes of Wells Fargo, Apple, and Facebook, investing billions of pounds into London.

It has also been ranked as the fourth best country to do business in when it comes to technology, and third in terms of the size and education of its workforce.

New Zealand, the Netherlands, and Sweden took spots two, three, and four, while the United States scored 12th.

Nigel Rowley, Managing Partner at Mackrell Turner Garrett, said: “Despite economic uncertainty, London will remain home for major global enterprises for years to come. The stock markets are trading well, and small businesses, which underpin our economy, continue to invest and expand within the UK. It all points to a positive future once Britain leaves the EU in 2019.”

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Nigel is the firm’s Managing Partner and joint Head of Litigation and Dispute Resolution at Mackrell Turner Garrett’s London office. He is widely experienced in complex litigation matters, and various forms of dispute resolution.