The world bank has just published the new rankings of its yearly study on ease of doing business and the UK has gone down by one notch to #7 compared to last year. The report compares the regulation for domestic firms in 183 countries and ranks them based on the following 10 factors: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
The top 4 remain the same this year again with Singapore, Hong Kong, New Zeland and the US taking the top spots. While the UK drops a notch, it remains high on the chart thanks to continuous efforts to reduce red tape.
The top 4 remain the same this year again with Singapore, Hong Kong, New Zeland and the US taking the top spots. While the UK drops a notch, it remains high on the chart thanks to continuous efforts to reduce red tape.