Call our team +44 (0) 207 566 3939

BLOG

UK is to become Europe’s second largest economy by 2020′

The UK is to become Europe`s second largest economy by 2020.

The UK is to become the second largest economy by 2020, overtaking France. This is according to a consultancy firm PwC.
PwC have said this is due to the strength of the pound against the dollar, when compared to the strength of the Euro to the dollar. The strong currency combined with continued falling unemployment is adding the economy`s growth.

Germany is still forecasted to be the top economy in Europe, the US is top globally followed by China, Japan and then Germany.
But it says the UK lags behind in areas including education, investment, trade deficits and income inequality.
India`s economy is set to overtake the UK by 2030, this will also rise above Germany and Japans to become ranked third largest economy in the world.

The UK`s economy is estimated to be worth £1.65 trillion while the French economy is valued at £1.60 million.
The consultancy has noted that the UK has strengths in political, legal and regulatory institution. This also includes easing of doing business and strong communications technology. They also suggested that the UK scores well with relatively low unemployment rates and good inflation performance.

Why start a business?

Today has never been better to start a business; Your Virtual Office London can help advise you what the best option is for your personal circumstance. With a strong and growing economy the time is right for fledgling businesses to make the most of the market growth and positive financial forecasts. Good publicity for the economy can have a positive impact on business and this can relate to real growth in your new sector.

Related Category Posts

Appointing and Removing Company Directors 101

Appointing and Removing Company Directors 101

Appointing and Removing Company Directors 101 There may be a number of reasons you’ll want to remove your existing company director and/or appoint a new individual to the role. Whether you’re planning a major reshuffle at the top for the sake of changing course of...

read more
Where Do I Send My Stock Transfer Form?

Where Do I Send My Stock Transfer Form?

Where Do I Send My Stock Transfer Form? Congratulations! You’re either a newly formed business, or you’ve been running your brand from a reputable business address for some time. But with the plaudits comes the pressure; not least the overwhelming number of...

read more
7 Important Roles of a Company Director

7 Important Roles of a Company Director

7 Important Roles of a Company Director You may be the proud owner of a new business, functioning from a credible business address, and envisioning a bright future ahead. But if you’re unsure about exactly what a company director’s role entails, then you may find...

read more

Capital Office Ltd is registered in England and Wales: Registered Address: Kemp House 152 – 160 City Road London EC1V 2NX

Company Number: 06294297 | VAT No: 976201416 | ICO No: ZA084808 | Anti-money laundering registration number: XZML00000125126

© Copyright 2019 Capital Office Ltd - All Rights Reserved

Please click here to view the latest businesses using our address without authorisation.