Confederation of British Industry (CBI) annual meeting. As the UK’s largest business lobby, CBI to bring the British Government is not good news. CBI joint with a recent Deloitte survey shows that attracting investment in the four key elements – the regulatory environment, corporate business tax, personal income tax, and planning and infrastructure – the UK’s performance “is getting worse.”

CBI warning, to future growth is assured, the United Kingdom must address the concerns of investors to adjust and improve its policies.

In attracting foreign investment (FDI), Britain is facing from the United States and China, the competition, if the UK can now set the right policy, not only can maintain the status of attracting foreign investment, is also expected to attract more investment from abroad; otherwise, will be other international competitors seize the opportunity.

“Is hollow” threat

CBI has just commissioned a research company with the Deloitte Ipsos Mori interviewed 121 business leaders, covering the FTSE 100 company and FTSE 250 Index companies, as well as other large-scale operations in the UK overseas companies.

Survey, in Europe, Britain is still the most attractive foreign investment destination in Brazil and in addition, other Asian countries outside India to foreign investment attraction flat.

However, the investment attractiveness of the United Kingdom and the United States lagging behind compared to 28%, respectively, than China and India 25% and 22% behind.

At the same time, Britain is facing a top choice for FDI dropped from the threat of a secondary position. Nearly one-fifth of respondents said the next five years will be removed from the UK headquarters.

62% of respondents said they believe the coalition government in improving the business atmosphere in terms of overall survival, “seemed to have a good start.”

CBI pointed out that the United Kingdom in good labor relations, worker flexibility and those who are already operating in this company have decades of heritage and so remain a competitive advantage; but in the personal income tax, the availability of skilled staff , control, planning control, exchange rate risk, infrastructure and quality of life rankings in the past decade has seriously declined.

UK corporation tax will be reduced from 24% 28% every year by the company welcomed, but the benefits of this initiative has the highest personal income tax rate levied by the amount from 40% to 50%, partially offset. About the attractiveness of the UK for foreign talent, a straightforward business executives say, “No one wants to work here – everyone want to go to Latin America, the United States or to work in Asia.”

Lambert said that if Britain does not take action, investors may be abandoning the British away. Surveys, a surprising conclusion: those who have traditionally been considered to be competitive industries in the areas of the UK, such as design, marketing, brand development and service provision, and this trend is particularly significant.

While the British government hopes to revitalize the manufacturing sector, but the manufacturer of the respondents said, they are less likely to invest here.

“British business has a huge ability to adapt,” president and senior partner of Deloitte’s John Connolly said, “even in this uncertain times, the business community concerned about the cost control strategies, while also looking for growth opportunities. These opportunities may also outside the UK. The Government should play a role in ensuring that these opportunities to stay in the UK. ”

Tightening “death gamble”

Importantly, once the growth of the private sector can not effectively, the United Kingdom clearly will face even greater problems.

On Wednesday, the British Chancellor of the Exchequer announced the deficit reduction plan Osborne, the next four years will be savings of 81 billion pounds, the average reduction in the budget of various government departments 19%, about 50 million public sector employees will lose their jobs.

However, some of Ernst & Young is more pessimistic, estimates that 70 million -100 million government employees retrenched. On Saturday, Cameron Fabiao conciliatory speech, said it would focus on promoting economic growth and create new jobs.

“If you want to create new jobs and promote economic growth, the Government must now focus on how to attract more investment to the UK.” CBI Director-General Lambert told reporters.

British workforce employed in the public sector and private sector employment ratio is about 1:4. In the decade before the crisis, the average annual total of UK private sector to create 20 million jobs. This view, the private sector alone, almost impossible to digest in the short term emission from the public sector of unemployed.

Austerity plan in the United States has not launched, a slight crunch to the Government of Germany and France lead to massive social unrest, while the substantial British austerity plan can be described as brave, but the British can take to avoid further recession and revive the economy, the outlook difficult to predict, Administration critics call it a “gamble.”

Fortunately, significant depreciation of sterling on the export orders began to have a positive impact at last. Bank of England Governor Mervyn King said last week that exports bring new jobs will exceed 50 million.

Lambert believes that the government can give credit and export guarantee companies to provide more help and should encourage innovation and industry is full of dynamic growth of SMEs. Let him worry, the survey shows that even those with plenty of cash for small and medium-sized enterprises, are more inclined to first pay off the bank debt, and not willing to take the new investment risk.

Hope that through the export of British mud out of the recession obviously do not like the smoke of a trade war. Lambert pointed out, G20 to discuss the exchange rate mechanism not to indulge indulge in friction, and should strive to avoid “trade war.”

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