UK businesses eyeing shift to ‘more predictable’ tax regimes

UK businesses are contemplating relocating abroad for a more stable tax and regulatory environment, as revealed by Baker Tilly International's mid-market survey. The survey, which included 1,500 business leaders from nine markets, found that 39% of UK firms have delayed or canceled major investments due to uncertainty from rapid policy changes. UK business leaders expressed the most pessimism about the economy's future compared to their global counterparts. In contrast, businesses in the UAE reported stable confidence despite regional conflicts, highlighting a stark difference in market stability.