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27 February 2017

UK ‘still a valuable place for company growth’

Britain continues to be a valuable place for business growth in the eyes of investors, despite ongoing political uncertainty, a new report has said.

According to professional services giant, PwC, the UK is now equal third with Germany in regards to growth prospects, behind the US and China.

Britain has risen from fourth place in 2016 and London is now emerging as the globe's second most important city after New York.

Interviews with more than 550 global investment professionals and around 1,300 chief executives suggest the UK is among the top three locales for technology and financial industries.

Hilary Eastman, head of global investor engagement at PwC, says it's remarkable that Britain is viewed as more important for growth, particularly by investment professionals.

The expert continued: "But 'importance' may or may not equate to 'positive growth' and therefore optimism. Importance could be interpreted in a positive light - that the countries selected would be those expected to grow most or fastest.

"However, some investment professionals we spoke to saw that 'importance' could also be interpreted in a negative sense, that problems and greater volatility in the UK, for example, could have an important effect on slowing down companies' growth."

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