Britain is the most business-friendly major economy on the planet, the World Bank has said – casting fresh doubt on predictions of economic collapse after Brexit.
The UK came top of the G7 group of industrialised countries in an annual index on ease of doing business, one place ahead of the US and significantly higher than any nation in the Eurozone.
In the overall league table, Britain ranked seventh.
New Zealand – which has signalled its enthusiasm for a trade deal after we leave the European Union – topped the list.
Britain is the most business-friendly major economy, World Bank rules as its annual index casts fresh doubt on doom-laden Brexit warnings
UK comes top of G7 group of industrialised countries in annual index on ease of doing business
Britain is one place ahead of the US and significantly higher than any nation in the Eurozone
In the overall league table Britain ranks seventh. New Zealand tops the list
By James Burton Banking Correspondent For The Daily Mail
26 October 2016
Britain is the most business-friendly major economy on the planet, the World Bank has said – casting fresh doubt on predictions of economic collapse after Brexit.
The UK came top of the G7 group of industrialised countries in an annual index on ease of doing business, one place ahead of the US and significantly higher than any nation in the Eurozone.
In the overall league table, Britain ranked seventh.
New Zealand – which has signalled its enthusiasm for a trade deal after we leave the European Union – topped the list.
It was followed by Singapore, Denmark, Hong Kong and South Korea.
Britain is the most business-friendly major economy on the planet, the World Bank has said – casting fresh doubt on predictions of economic collapse after Brexit. It throws doubt on suggestions over the weekend that Britain's banks, pictured in London's Canary Wharf, could relocate amid uncertainty in the wake of June's Brexit vote
Britain was better ranked than its G7 peers America, Canada, France, Germany, Italy and Japan.
Germany was in 17th place, while France was 29th.
Supporters of Brexit said the study scotched claims that Britain would cease to be attractive to investors after leaving the EU.
Eurosceptic Tory MP John Redwood said: ‘It’s great news that we’re open for business and more competitive than most.
‘When we’re free of the EU, we can do even better.’
Roger Bootle, managing director of Capital Economics, said: ‘There’s no doubt that the business climate in Britain is extremely favourable, and this is going to stand us in good stead when we do finally leave the EU.
‘Suggestions that umpteen businesses are going to up sticks and leave the UK are just complete nonsense.
Eurosceptic Tory MP John Redwood (pictured) said: ‘It’s great news that we’re open for business and more competitive than most'
‘They don’t give credence to just how much better off businesses are in Britain.’
Large corporations, the Government and international think tanks lined up to warn that Britain would collapse outside the bloc in the run-up to the Brexit vote.
Then-Chancellor George Osborne said it could ‘wreck the economy’ and promised a so-called punishment Budget of tax rises and benefit cuts.
American bank bosses pledged to pull thousands of staff out of the City.
Xavier Rolet, chief executive of the London Stock Exchange, warned of ‘devastating’ consequences.
And Christine Lagarde of the International Monetary Fund (IMF) said the impact would range from ‘pretty bad to very, very bad’.
But the Treasury has since disavowed its gloomy pre-referendum forecasts, while bank leaders have rowed back from pledges of a mass staff cull.
Mr Rolet has said there is ‘no immediate threat’ to his business and the IMF has decided Britain will still be the fastest-growing G7 economy in 2016.
The World Bank looked at access to credit, tax regimes, red tape and a host of other factors when compiling its league table.
It found that high-income countries continued to lead the way, and that the biggest reforms in the last 12 months had come in Eastern and Southern Europe.
A separate study yesterday found there was corporate optimism about the future outside the EU.
The survey by NGA Human Resources and Moorepay revealed six in ten respondents working for large companies expected Brexit to have a POSITIVE impact on their firm.
Around 70 per cent of large businesses and 54 per cent of smaller ones thought the biggest advantage of leaving was an opportunity to forge trade links with other parts of the world.
The UK came top of the G7 group of industrialised countries in an annual index on ease of doing business, one place ahead of the US and significantly higher than any nation in the Eurozone.
In the overall league table, Britain ranked seventh.
New Zealand – which has signalled its enthusiasm for a trade deal after we leave the European Union – topped the list.
Britain is the most business-friendly major economy, World Bank rules as its annual index casts fresh doubt on doom-laden Brexit warnings
UK comes top of G7 group of industrialised countries in annual index on ease of doing business
Britain is one place ahead of the US and significantly higher than any nation in the Eurozone
In the overall league table Britain ranks seventh. New Zealand tops the list
By James Burton Banking Correspondent For The Daily Mail
26 October 2016
Britain is the most business-friendly major economy on the planet, the World Bank has said – casting fresh doubt on predictions of economic collapse after Brexit.
The UK came top of the G7 group of industrialised countries in an annual index on ease of doing business, one place ahead of the US and significantly higher than any nation in the Eurozone.
In the overall league table, Britain ranked seventh.
New Zealand – which has signalled its enthusiasm for a trade deal after we leave the European Union – topped the list.
It was followed by Singapore, Denmark, Hong Kong and South Korea.
Britain is the most business-friendly major economy on the planet, the World Bank has said – casting fresh doubt on predictions of economic collapse after Brexit. It throws doubt on suggestions over the weekend that Britain's banks, pictured in London's Canary Wharf, could relocate amid uncertainty in the wake of June's Brexit vote
Britain was better ranked than its G7 peers America, Canada, France, Germany, Italy and Japan.
Germany was in 17th place, while France was 29th.
Supporters of Brexit said the study scotched claims that Britain would cease to be attractive to investors after leaving the EU.
Eurosceptic Tory MP John Redwood said: ‘It’s great news that we’re open for business and more competitive than most.
‘When we’re free of the EU, we can do even better.’
Roger Bootle, managing director of Capital Economics, said: ‘There’s no doubt that the business climate in Britain is extremely favourable, and this is going to stand us in good stead when we do finally leave the EU.
‘Suggestions that umpteen businesses are going to up sticks and leave the UK are just complete nonsense.
Eurosceptic Tory MP John Redwood (pictured) said: ‘It’s great news that we’re open for business and more competitive than most'
‘They don’t give credence to just how much better off businesses are in Britain.’
Large corporations, the Government and international think tanks lined up to warn that Britain would collapse outside the bloc in the run-up to the Brexit vote.
Then-Chancellor George Osborne said it could ‘wreck the economy’ and promised a so-called punishment Budget of tax rises and benefit cuts.
American bank bosses pledged to pull thousands of staff out of the City.
Xavier Rolet, chief executive of the London Stock Exchange, warned of ‘devastating’ consequences.
And Christine Lagarde of the International Monetary Fund (IMF) said the impact would range from ‘pretty bad to very, very bad’.
But the Treasury has since disavowed its gloomy pre-referendum forecasts, while bank leaders have rowed back from pledges of a mass staff cull.
Mr Rolet has said there is ‘no immediate threat’ to his business and the IMF has decided Britain will still be the fastest-growing G7 economy in 2016.
The World Bank looked at access to credit, tax regimes, red tape and a host of other factors when compiling its league table.
It found that high-income countries continued to lead the way, and that the biggest reforms in the last 12 months had come in Eastern and Southern Europe.
A separate study yesterday found there was corporate optimism about the future outside the EU.
The survey by NGA Human Resources and Moorepay revealed six in ten respondents working for large companies expected Brexit to have a POSITIVE impact on their firm.
Around 70 per cent of large businesses and 54 per cent of smaller ones thought the biggest advantage of leaving was an opportunity to forge trade links with other parts of the world.
