United Kingdom

The United Kingdom (UK) is well placed in the financial world given its locality within Northern Europe. The UK business environment is advanced, due to the availability of international trade, London being its financial epicentre. Supported by a large international transport system and a good communications network, the UK is an attractive place to do business.

The UK comprises Great Britain (England, Wales and Scotland) and Northern Ireland and is known for its multicultural and ethnic diversity. It includes several smaller islands, although the Isle of Man and the Channel Islands have their own government, and taxation systems and are Crown Dependencies not forming part of the UK.

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

The Government and local incentives, together with the UK’s position and international links make it an attractive place to invest.

HLB UK is comprised of six member firms with over 1,400 staff, all offering a comprehensive range of expert services to businesses and individuals.

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