trending Market Intelligence /marketintelligence/en/news-insights/trending/tYQaL4-xPf8bJEDGlho61A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Brexit bites as firms see UK becoming less competitive

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Brexit bites as firms see UK becoming less competitive

Nearly two-thirds of British firms believe the U.K. will become a less attractive place for business over the next five years as uncertainties weigh on the country's future trading relationships, according to a survey by the Confederation of British Industry.

Some 63% of British firms expect the U.K. to become a less appealing business location in the next five years, with only 19% saying it will become a more attractive location.

The results underscore the need for clarity about the U.K.'s post-Brexit trade relationships, the report said.

"Uncertainty acts as a serious obstacle to investment planning and other business decisions essential for future growth," it noted.

The U.K. business lobby welcomed a breakthrough in Brexit negotiations earlier this month which allowed talks to move on to a future trade deal, but many firms have said they will need to begin acting on contingency plans by the first quarter of 2018 if the terms of a two-year transitional period after March 2019 are not made clear quickly.

The deal to prevent a hard border between Northern Ireland and its southern neighbor re-introduced the prospect of the U.K. effectively staying in the EU's Single Market and Customs Union, but EU officials have since warned that the U.K. cannot "cherry pick" a trade deal and its chief negotiator, Michel Barnier, poured cold water on hopes of a special deal for London's financial sector.

"There is not a single trade agreement that is open to financial services," he told The Guardian newspaper Dec. 19, adding that this was a consequence of the red lines U.K. negotiators had chosen themselves.

"In leaving the single market, they lose the financial services passport," he said.

Concerns about the U.K.'s future attractiveness are most severe among large companies, which tend to be more involved in trade with the European Union.

Among these large companies surveyed, 76% said the U.K. is likely to become a less attractive place to do business in the next five years, with only 4% saying it will become more attractive.

British firms identified access to people and skills as their biggest worry. Nearly four in five of the respondents cited skills gaps as a current threat to U.K. labor market competitiveness, while almost half the respondents identified access to labor supply as a key concern.

The survey was conducted between August and October 2017, with 299 respondent companies.