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UK now eighth best country for doing business says World Bank

The UK has become an easier place to do business over the past year, with reforms to tax registration and reducing corporate income tax, moving it from 10th to 8th place in the World Bank's annual Doing Business survey. While Singapore, New Zealand, Hong Kong, Denmark, South Korea, Norway and the US all rank above Britain for ease of operating a business, the World Bank praised the UK's positive moves. It said: 'Over the past decade, as Companies House has increased its data transparency, electronic procedures and free resources for business founders, the number of registered companies in the UK has doubled.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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