It’s positive news for Britain as we move up two places in the 2015 World Bank ‘Doing Business’ rankings, and also great news for us as two members of our team feature in this high-profile report.
The World Bank produces an annual report that analyses the ease of doing business in each jurisdiction across the globe, measuring regulations that enhance business activity and those that constrain it.
The recently released 2015 Doing Business report features commentary from Sherrards Solicitors. We contributed to the English section of the report, focusing on the practicability of the English Court system, particularly in terms of the enforcement of contracts, with Paul Marmor and Hannah Jones being formally accredited by the publication.
The report presents quantitative indicators on business regulations and the protection of property rights, so that they may be compared across 189 economies, from Afghanistan to Zimbabwe.
The main findings of the report are that:
• Britain has moved up the rankings from 10th to 8th, scores being based on factors such as corporate tax rates, set-up costs, energy prices and transparency, but Britain does lag behind Singapore, New Zealand, Hong Kong, Denmark, South Korea, Norway and the USA
• Kazakhstan, Azerbaijan, Ireland and the United Arab Emirates are among the economies which improved the most from 2013 to 2014, in areas tracked by “Doing Business”
• Singapore is the best country in the world in which to do business
• Of the Euro-Zone’s core economies, including Germany, France, Italy and Spain, none feature in the top 10.
Paul Marmor of Sherrards comments: “We are delighted to be associated with this project, working with the World Bank, given its importance in world affairs and the opportunity it provides us to give something back to the community.”
For more information about the World Bank and its ‘Doing Business’ guide, please visit the World Bank’s Doing Business website.