UK ‘Best Country For Business’ in 2018
21st December 2017.
An annual ranking has declared the UK to be the best country for business next year, despite uncertainty over Brexit.
As business groups clamour for clarity on future trading arrangements and banks threaten contingency plans, Forbes has given UK business top spot.
The American-based business magazine ranked 153 countries on 15 factors including property rights, innovation, taxes and red tape.
The report pointed to the current dominance of the UK’s financial services sector and investment, as major positives for the country.
Britain’s record-low unemployment was also cited as a benefit.
Forbes’ Kurt Badenhausen said: “Much uncertainty remains with the official exit from the EU scheduled for March 2019, but Britain’s business climate remains attractive.”
Suren Thiru, head of economics and business finance at the British Chambers of Commerce, said: “The UK’s ranking as the best country for doing business is a testament to the hard-work and resilience of business communities across the UK.
“However, the UK must do more to support firms on their growth journey, including addressing the longstanding issues around skills shortage and our creaking infrastructure”.
The rankings had New Zealand in second place, followed by the Netherlands, Sweden and Canada.
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