That's a really wide question to ask. Like asking if I go to work should I wear casual or formal
For example I have used a .com address on my UK site. Reason being that if we went international it would be more likely a .com address appear in other SERPs than .co.uk - is it a business that could go international one day?
That said, .co.uk looks better for a UK business on business cards etc -it immediately informs your users that you're a UK based company (more than likely)
There are a few other things to think about but to be honest nowdays the TLD doesn't really count for as much as which search engines you submit to, where your hosting is located etc
So it could just come down to, which do you prefer?
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