UK costs are lowest in Europe

UK costs are lowest in Europe
Alex Mayhew-Smith According to a survey by KPMG Consulting, the UK has the lowest business costs in Europe for the manufacture of electronics and telecommunications equipment. The survey, which compared the cost of doing business among 64 cities in eight countries, saw the UK leading the way in Europe, with France second and Italy third. Charles Thoma, a consultant with KPMG, said: “The results of this study are extremely good news for the UK’s prospects of attracting inward investment, particularly for non-EU companies looking for a European base.” The survey, which included the G7 countries and Austria, showed the UK to have the lowest labour costs in electronics and telecoms manufacturing and the smallest corporate income tax rates along with Austria. The three UK cities included in the survey – Cardiff, Manchester and Telford – were found to be lower cost locations than all but one US city: San Juan.


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