Brexit Briefing: UK Climbs Best for Business List Despite Brexit Warnings

Talking Points

According to Forbes, a UK is now a fifth best nation to do business in, adult from tenth a year ago.

However, a statute by a EU’s tip justice could mystify a divorce record between a EU and a UK.

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The UK is now a fifth best nation to do business in, adult from tenth a year ago, according to an annual list published by Forbes. That flies in a face of warnings by sojourn campaigners forward of June’s UK referendum on EU membership that a preference to leave would be harmful for a British economy.

Kurt Badenhausen, a senior editor at Forbes, pronounced a UK had climbed a rankings “thanks to softened scores on corruption, taxation weight and financial freedom, as well as a stronger batch market”.There was no discuss of a impact of a Brexit vote

Since a Jun 23 referendum, that resulted in a opinion to leave, a FTSE 100 index of a largest London-listed companies’ share prices has climbed by 700 points, or 11.1%, to above 7,000 during a time of writing.

Chart: FTSE 100 Daily (June to Dec 2016)

Brexit Briefing: UK Climbs Best for Business List Despite Brexit Warnings

The British Pound, that tumbled immediately after a referendum, has given steadied though a dump will have helped UK companies that export, and by prolongation a UK economy.

Elsewhere, the US fell one mark to 23rd place, stability a decade-long slip from a No.1 ranking in 2006, according to Forbes. Falling scores on trade and financial freedom, along with rising levels of red fasten and bureaucracy are behind a decrease for a world’s largest economy,” commented Badenhausen. Sweden moved adult 4 spots to tip a charts for a initial time, followed by New Zealand, Hong Kong and Ireland. Chad, in executive Africa, was last.

In a apart development, the EU’s tip justice ruled on Wednesday that resolution by EU institutions isn’t adequate to pass a trade understanding with Singapore.As Daily FX noted, that could set a fashion for a Brexit negotiations.

The EU Court of Justice advocate-general’s perspective that member states contingency also approve a settle with a Asian city state means UK Prime Minister Theresa May competence have to negotiate with 27 other inhabitant parliaments and in some cases their informal lawmakers if she wants a wide-ranging trade agreement with a bloc.

— Written by Martin Essex, Analyst and Editor

To hit Martin, email him atmartin.essex@ig.com

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