This article was originally posted on the Tech City UK website.

A recent World Bank report has shown that the UK in 2014 is a better place to do business

The World Bank conducts their Doing Business survey annually and provides objective measurements of business regulations across 189 economies. Previously, the UK was ranked tenth in the list but has moved up two places to eighth following the reduction of corporate income tax and changes to tax registration. Also cited as important to the improvement was increased data transparency from Companies House, the report states that this has led to the number of registered companies in the UK doubling over the past decade.

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