The UK will permanently damage its attractiveness to US investors if the government continues to pile tax and regulatory burdens on business, the head of the main transatlantic trade association has warned.
Duncan Edwards, chief executive of BritishAmerican Business, said the UK needed to be “very careful” not to squander its privileged position with US investors after the body’s annual survey showed a “sustained slide” in American corporate confidence in the UK over the past five years.
“The UK should be very careful not to take its highly advantageous position for granted,” Edwards told the Financial Times. “There is a risk of reaching a tipping point where international companies say, ‘hang on, is the UK really still the place to go?’.”
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