Jump to content
House Price Crash Forum
Sign in to follow this  

Uk Economy Moves Up To Ninth In The World

Recommended Posts

Japan at No, 6.

Pure comedy gold from the dyscalculic charlatans at the World Economic Forum.


Britain has moved up the list of best performing economies according to a global thinktank that praised the government for reducing the public sector deficit and maintaining one of the most flexible labour markets in the developed world.

The World Economic Forum said Britain had improved its performance over the last year, moving it from 10th to 9th place, behind the Netherlands and above Sweden. In a report welcomed by the Treasury, the WEF said a wealth of sophisticated businesses and a willingness to adopt new technologies put Britain in a healthy position to improve productivity over the next few years.

But it warned in its annual performance monitor that British businesses still struggled to access credit, the workforce remained inadequately trained and tax rates were complex and too high.

The Geneva-based thinktank, which has come to prominence as a club for the rich and powerful to debate global business issues, rewarded Switzerland with the top spot for the sixth year running, while Singapore ranked second for the fourth consecutive year.

Striking a less positive note in an overview of the global economy, it voiced concern about further unrest in Ukraine and the lack of structural reforms in most countries that needed to increase productivity. "The strained global geopolitical situation, the rise of income inequality, and the potential tightening of financial conditions could put the still tentative recovery at risk and call for structural reforms to ensure more sustainable and inclusive growth," said Klaus Schwab, the founder and executive chairman of the WEF.

Share this post

Link to post
Share on other sites

British businesses still struggled to access credit,..

There's accessing credit and there's accessing credit.

British businesses just have to realise that Help to Sell is there to help sell houses, it's not there to help other businesses.

The exponential debt is for the public sector and if they aren't into that particular trough then they'd better get a move on.

Share this post

Link to post
Share on other sites

I reckon the World Economic Forum must be made up of sci-fi fans (or at least people for whom this IS the future), as they must measure a country's wealth in "credits" (as used in Star Wars, Babylon 5, Farscape, etc) and so we rank highly. Coming soon from the World Economic Forum: flying cars and also personal robots. Though not that soon, actually.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.