Britain named eighth most competitive country in the world

The UK has improved its position as being one of the most competitive countries in the world, despite the ongoing economic concerns across the country.

Switzerland-based World Economic Forum's (WEF's) Global Competitiveness Index has named Britain the eighth most competitive nation in the world at the moment.

An enhanced economic performance across the UK in the past few months sees the country move up from tenth position in the league table.

Commenting on the WEF's findings, The Treasury stated: "The UK is becoming more competitive thanks to this government's reforms – creating a more flexible and educated workforce; simplifying our tax system, and reducing the main rate of corporation tax, as well as scrapping burdensome regulation and simplifying planning rules."

Switzerland maintained its position at the top of the WEF Global Competitiveness Index, with Singapore once again taking second spot and Finland replacing Sweden as the third most competitive country in the world.

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Posted by Wayne Bly

Origin: Salespeak News