Are we too downbeat about Britain’s economy?

Economic optimism is in short supply these days – but has pessimism about the UK’s economy been overegged by the likes of Sadiq Khan? The verdict of chief executives from around the world suggests as much: Britain has been ranked in the top three markets for investment, according to PricewaterhouseCoopers’s (PwC’s) annual Global CEO Survey. Today’s report follows the latest growth update that revealed that the economy did not contract in November as had been widely predicted, but grew slightly by 0.1 per cent. It marks a sharp contrast from the recent warnings of the London mayor, who said that ‘Brexit isn’t working’.

The survey, timed to be published as the business elite gather at Davos this week, shows the UK tied with Germany for third place – behind the United States and China – for the country considered most vital to business growth and development.