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Brexit Drags U.K. Below U.S. in Global Business Location Ranking

  • Brexit increased financial, political uncertainty, study shows
  • U.K. still performs far better than most other G-7 partners
Workers in City of London Hit Highest Rate Since March
Photographer: Simon Dawson/Bloomberg

Britain is significantly less attractive as an international business location because of Brexit but remains well positioned compared with other major economies, according to a German study.

The U.K. slipped behind the U.S. to second place in the latest ranking published by Germany’s Foundation for Family Businesses, though it remains ahead of the rest of its Group of Seven partners. Canada was fourth, followed by Germany in 17th, France in 18th, Japan in 20th and Italy in 21st and final spot.