Deutsche Bank-Thematic Research UK resilience Despite it all-107897081

DeutscheBankResearchUKresilience:DespiteitallDistributedon:29/04/202411:30:08GMTApril2024LukeTemplemanGalinaPozdnyakovaOlgaCotagaResearchAnalystResearchAnalystResearchAnalystLuke.Templeman@db.comGalina.Pozdnyakova@db.comOlga.Cotaga@db.com+442075410130+442075474994+442075415910IMPDOReTuAtsNcTheREBSaEnAkRCRHesDeISaCrcLhOSURUEKSrAeNsiDlieAnNcAeL:YDSeTsCpEitReTiItFaICllATAIOpNriSl2L0O2C4ATEDINAPPENDIX1.MCI(P)041/10/2023.UNTIL19thMARCH2021INCOMPLETEDISCLOSURE0INFORMATIONMAYHAVEBEENDISPLAYED,PLEASESEEAPPENDIX1FORFURTHERDETAIL7S.T2se3r0Ot6kwoPaSummaryTheUKhasenduredadecadeofuncertaintyandchange.Despiteitall,thecountryisinbettershapethanmanypeoplerealise.Althoughithasbeenshakenbytheyearsofinstability,itsinstitutionsremainintact,businessconfidenceisreturning,andmanycorporateshaverealisedthat,afterseveralyearsofexperimentation,theUK’sadvantagesareverydifficulttoreplicateinothercountries.Yet,withpollsindicatingachangeingovernmentforthefirsttimesince2010,theUKisfinelypoised.Ithasthefoundationsformedium-termgrowth,however,theresponsetoitseconomicandsocietalproblemswillinfluencethespeedanddirectionofthatgrowth.Inturn,corporateswillneedtoadapt.Inthispresentation,wehighlightwhytheUKcannavigateitsnear-termchallengesifitembracesitslonger-termstrengths.Wepointoutfactorsincluding:relativelyfavourabledemographics,thedepthoffinan...