Menu
28/10/2015
UK Ranked 6th Best For 'Ease Of Doing Business'
The UK has been ranked sixth in the world for doing business, ahead of the US, Germany and Japan.
The ranking was revealed in the World Bank Ease of Doing Business report, which ranked 189 countries.
Welcoming the new ranking, which sees the UK rise from 8th to 6th, Business Secretary Sajid Javid said: "The UK has once again climbed up the rankings and is one of the top places in the world to do business, getting closer to the government's target of reaching the top 5. This is international recognition of the UK's strong and stable business environment, competitiveness and entrepreneurial spirit. Our economy is now growing faster than any other nation.
"The government is taking steps to ensure that every part of Britain benefits from the growing economy and that everyone who works hard gets the opportunities they need to succeed."
Government action to improve the ease of doing business includes:
• commitment to cut £10 billion of red tape in order to back British business and put resources to more productive use
• cutting tax - at 20%, the UK already has the joint lowest corporate tax rate in the , but it will be cut further to 18% in 2020, making it the lowest in the
• boosting skills and productivity by raising the quantity and quality of apprenticeships in England to 3 million starts by 2020
• investing £6.9 billion in UK research infrastructure up to 2021 – improving knowledge, expertise and productivity
• building stronger trading links with emerging markets, especially China, India and Brazil; and delivering a Europe that is more dynamic and outward focussed as part of our renegotiation
(MH/CD)
The ranking was revealed in the World Bank Ease of Doing Business report, which ranked 189 countries.
Welcoming the new ranking, which sees the UK rise from 8th to 6th, Business Secretary Sajid Javid said: "The UK has once again climbed up the rankings and is one of the top places in the world to do business, getting closer to the government's target of reaching the top 5. This is international recognition of the UK's strong and stable business environment, competitiveness and entrepreneurial spirit. Our economy is now growing faster than any other nation.
"The government is taking steps to ensure that every part of Britain benefits from the growing economy and that everyone who works hard gets the opportunities they need to succeed."
Government action to improve the ease of doing business includes:
• commitment to cut £10 billion of red tape in order to back British business and put resources to more productive use
• cutting tax - at 20%, the UK already has the joint lowest corporate tax rate in the , but it will be cut further to 18% in 2020, making it the lowest in the
• boosting skills and productivity by raising the quantity and quality of apprenticeships in England to 3 million starts by 2020
• investing £6.9 billion in UK research infrastructure up to 2021 – improving knowledge, expertise and productivity
• building stronger trading links with emerging markets, especially China, India and Brazil; and delivering a Europe that is more dynamic and outward focussed as part of our renegotiation
(MH/CD)
Related UK National News Stories
Click here for the latest headlines.
23 February 2011
Welcome For EU Review Of Support For Small Businesses
The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.
Welcome For EU Review Of Support For Small Businesses
The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.
17 January 2011
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
12 May 2010
Small Businesses Back Cameron
The Forum of Private Business has given a cautious welcome to the appointment of the new Prime Minister, David Cameron. The small business support group hopes the announcement of an agreement for No 10 will mark the start of a stable and functional administration, which is committed to ensuring economic recovery.
Small Businesses Back Cameron
The Forum of Private Business has given a cautious welcome to the appointment of the new Prime Minister, David Cameron. The small business support group hopes the announcement of an agreement for No 10 will mark the start of a stable and functional administration, which is committed to ensuring economic recovery.
27 November 2003
Farmers' incomes hit six-year high, says Defra
Farmers' incomes have recovered to their highest level since 1997, following the third annual increase in a row, according to latest government forecasts. Total income from farming rose by 34% this year, and total farming income in the UK in 2003 was £3.23 billion, compared to £2.
Farmers' incomes hit six-year high, says Defra
Farmers' incomes have recovered to their highest level since 1997, following the third annual increase in a row, according to latest government forecasts. Total income from farming rose by 34% this year, and total farming income in the UK in 2003 was £3.23 billion, compared to £2.
07 November 2003
Water price rise proposals 'unacceptable for customers'
WaterVoice has today described companies' proposals for billing as "unacceptable to customers in their current form", and called on water companies, regulators and the government to "think about customers' priorities" in terms of value for money.
Water price rise proposals 'unacceptable for customers'
WaterVoice has today described companies' proposals for billing as "unacceptable to customers in their current form", and called on water companies, regulators and the government to "think about customers' priorities" in terms of value for money.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
