The UK lost it years ago by allowing Local Councils to control local business with draconian powers and silly obstacles enforced by unimaginative and normally unemployable little wankers to control silly and unnecessary rules and regulations on the local people.
Local Planning and council tax are typical examples: because of them enforcing their rules to the extreme with little or no common sense people have lost the pride of owning their own home or business which have often become a burden to people because of the these crazy rules.
There is no initiative or incentive in the UK anymore.
For some reason the UK has accepted mediocrity as the norm. Those who try and rise above this norm are punished by fees and licenses controlled by incompetent fools placed in jobs just to create jobs.