Those long-standing strengths have helped Britain recover as a place to do business since the shock of the June 2016 referendum, which saw the country narrowly vote to leave the EU.

With so much uncertainty surrounding the future of the British economy, the country slumped down EY's rankings.

In the October 2016 survey, Britain was as low as seventh.

There have been a number of high-profile investments in Britain over the past year, including Comcast's purchase of satellite broadcaster Sky for around 30 billion pounds (currently $39 billion) and Coca-Cola's takeover of Costa Coffee for near 4 billion pounds ($5.2 billion).

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