no longer employed or looking for a job compared to pre-pandemic. Economist Nouriel Roubini said this week that the country “is already in a severe stagflation”, a situation he partly attributed to Brexit.
Against that backdrop, confidence in Britain to provide a stable backdrop for business appears to be decreasing. The IMD reportthat declining standards of education and the quality of life in the UK are making business leaders sceptical about its ability to produce a skilled workforce. “This is a concerning situation for the UK with no quick fix,” said Professor Arturo Bris, Director of the IMD“Until the UK is able to deal with the turmoil in its politics and markets which has dominated recent years and take action to revamp its domestic situation, it will be unable to attract or retain the talent it needs to restart growth and drive innovation.”
Switzerland took top spot in the IMD’s rankings for the sixth consecutive year. Sweden, Iceland, Norway and Denmark made up the rest of the top five.
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