Britain named sixth best country for doing business

The UK has become an easier place to do business in past year, says World Bank, after reforms to red tape and corporate tax

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.