LONDON: The government’s drive to cut red tape and corporate tax has seen the UK move up the international league table for doing business in a year that has seen both rich and poor countries strive to ease regulations on setting up and running companies, the World Bank said.
Britain rose from eighth to sixth place in the Washington-based organisation’s rankings and was the highest placed of the G7 group of leading industrial nations.
The bank said developing countries had quickened the pace of reforms but the highest positions in the list of 189 countries in its annual 2016 Doing Business report were again taken by high-income states.
