Market profile
Doing Business
The business culture is more conservative than Australia, with executives preferring a more formal approach. Most business people will wear suits, although ‘smart-casual’ is becoming more widespread in some industry sectors. If in doubt, always wear a suit. In addition, please note that the secription of 'lounge suit' on invitations typically means business attire, not 'smart casual'.
More information on doing business in United Kingdom
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
The UK was hard hit by the global economic crisis in 2009 and again by the Eurozone crisis. It currently is the world's sixth largest economy.
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- TRADE RELATIONS
As member of the European Union, the UK enjoys freedom of movement of goods with other member countries, and the harmonisation of trade standards.
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- POLITICAL CLIMATE
The UK has a stable parliamentary democracy, and is a constitutional monarchy, with Her Majesty Queen Elizabeth II as the head of state.
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