London Calling? Time to Invest in Britain

The struggles are evidenced by recent news out of London that the British Chambers of Commerce lowered their economic growth forecast for 2013 to 0.6 percent from 1 percent. That is below the 1.2 percent rate predicted by the Office for Budget Responsibility, which is considered an official prediction.

I saw this stagnation in action when I visited London and Cambridge recently, and noticed a lot of empty restaurants. Service employees told me there was little new work at a time when immigrants from ailing European Union countries such as Greece, Italy and Portugal were still trickling in for the few low-skilled jobs available. One local business owner told me the economic climate in the city is dour.