Over-regulation by the FSA and some of the highest income tax in the world is deterring business from investing in the UK, and putting the country's recovery at risk, according to a CBI report.
The report - Making the UK the best place to invest - brings together the testimony of around 400 CBI members through first-hand interviews and opinion polls. It suggests the UK’s attractiveness as a place to invest has declined over the last decade, in the face of increased competition from overseas. Regulatory burden is a key 'investment blocker', according to the report, which cites the World Economic Forum as ranking the UK 89th out of 139 for having the biggest regulatory burden on business, on a par with Nigeria. Amid continued contraction in consumer and public sector spen...
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