Lord Birt – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy
The below Parliamentary question was asked by Lord Birt on 2016-10-10.
To ask Her Majesty’s Government what is their assessment of the dynamism and capability of the UK business sector.
Baroness Neville-Rolfe
The UK is one of the most dynamic and competitive economies in the world, as borne out by measures of the effectiveness of UK competition policy and regulation, for example:
•The UK is ranked 2nd in the OECD for the pro-competition stance of its regulatory policies
•The World Economic Forum rated the UK 3rd (out of 138) for the intensity of local competition, 12th for the extent of market dominance, and 10th for the effectiveness of our anti-monopoly policies.
As a result, we are ranked 6th out of 189 countries in the World Bank Doing Business Index; and 7th out of 138 countries (improving our ranking from 10th last year) in the World Economic Forum Global Competitiveness Index.
