London has been named the most desirable city in the world to work in, retaining its number one position since 2014.
The Decoding Global Talent 2018 report, issued by The Boston Consulting Group and totaljobs, is the most comprehensive study into global talent mobility ever undertaken.
The findings show that London has once again been identified as the favourite global city, with its enduring attractiveness not appearing to have been impacted by Brexit, given its prominence as a global financial, business and cultural capital.
However, whilst London remains the first-choice city for workers, on a national level the UK has dropped from the second-most popular country worldwide for overseas workers to fifth place, possibly as a result of the vote to leave the European Union. The US, Germany, Canada and Australia now all rank higher than Britain in terms of attractiveness.
Another area potentially impacted by the Brexit vote two years ago is work-related migration, where the Office for National Statistics figures show that net migration to the UK decreased in the year ending September 2017, with 6.5 per cent less European citizens moving to the UK. Residents of European countries, the UAE and China, now seem to consider the US, Australia, Germany and Canada as more attractive places to work.
In this volatile economic landscape, it is essential that UK SME business owners maintain effective management of their company’s working capital and put processes in place to survive and thrive in challenging times.
Our specialist advisers at Beavis Morgan work with our clients to put processes in place which make it easier to run your business. We also assist with management accounts, enabling better control of your financial situation and awareness of the business in real time, enhancing planning for the peaks and troughs.
Get in touch with our specialist advisers at Beavis Morgan for guidance and strategic advice to help in formulating plans for your business in order to strengthen its prospects of success, achieve growth and maximise wealth.