Chamber Members Collyer Bristow have created a page where readers can browse through potential effects of Brexit in different areas of law. This page is updated regularly as the situation develops and clarifies giving up to date information.
The main message to overseas businesses is that Great Britain is open to business.
- The UK remains a great place to do business and it has a strong history as a proud trading nation.
- The UK is the highest ranked major economy in terms of ease of doing business, ranked higher than the USA.
- The World Economic Forum Competitiveness Report assesses the UK to be in the top ten for global competitiveness
- The UK is home to 18 of the world’s top 100 universities, and 4 of the top 10.
- The UK has the best superfast broadband coverage in Europe
- The UK’s corporation tax rate of 20 percent is the lowest in the G7 and joint lowest in the G20 and will fall to 17 percent by 2020.
- The UK has a large, integrated transport system, which includes the second largest ports industry in Europe; the largest air transport system in Europe and the most improved rail network in the EU.
- The Patent Box gives a ten percent rate of corporation tax on profits that are earned in the UK from patents and other similar types of intellectual property (IP)
- The UK actively welcomes entrepreneurs and has visas for those who wish to invest in the UK and their families
- The UK remains a member of the EU throughout this process until Article 50 negotiations have concluded. This could take up to two years or more if negotiations are extended. While we remain a member of the EU we will continue to play a role and represent the interests of the British people.
What matters to investors?
According to the EY2016 Attractiveness Survey (published 24 May), the following are identified as being important (in ranked order):
- Quality of life, diversity, culture and language
- UK’s social stability
- Telecommunications infrastructure
- Labour skills
- Stable and transparent political, legal and regulatory environment
- Access to EU markets
- Strength of domestic market
- Transport and logistics infrastructure
- Entrepreneurial culture.
Please click on the image below to view the Collyer Bristow Brexit information page.