UK drops down global competitiveness list
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For what it’s worth the UK has dropped from 9th to 12th in the annual league table of global “competitiveness” produced by the World Economic Forum. This puts it behind the US and several of its European neighbours, notably the Scandinavian countries.
But taking a broader view the UK remains a very good place to do business since there are 134 countries in the survey. Chad comes in last, just behind Zimbabwe.
Top 12 for business
- United States
- Switzerland
- Denmark
- Sweden
- Singapore
- Finland
- Germany
- Netherlands
- Japan
- Canada
- Hong Kong SAR
- United Kingdom
So, with only a little spin, “UK remains in Top 12!”
The report says the UK dropped three spots mainly because of worries about access to capital, as well as concern about the general high level of indebtedness prevailing in the economy. But on its institutions and legal system, infrastructure, technology and may of the other things that affect ease of doing business, the UK is still among the best places in the world to set up shop. The list is based largely on a poll of 12,000 business leaders from all the 134 countries rated.
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