Bulletin

Britain slips in worldwide competitiveness rankings

Public - Britain needs to fix its public finances - SantanderCB

Britain needs to fix its public finances, export more and improve its education standards to compete better on the global stage, according to the World Economic Forum. The UK slipped one place to tenth in the forum's annual competitiveness league table for 2014, falling behind Sweden, as other countries improved at a faster rate. Britain ranked highly in the quality of its institutions, scientific research and business sophistication, but was let down by the size of the deficit and poor maths and science education. Germany, Japan and the US were among the leading economies that beat Britain. Switzerland topped the index, with Singapore finishing second, both holding their previous positions.

 

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