The Best The UK Can Manage Is Fourth Out Of Six

The Adam Smith Institute has posted on a report by the Institute of Chartered Acountants which contains a section on how businesses in different global regions view their ‘regulatory and taxation environment'.

The ASI reports:

• On employment tax, the UK ranks fifth out of the six surveyed regions (excluding the Hong Kong-Singapore-Malaysia sub-region), with the only EU businesses more negative about it.
• On employment legislation, the UK ranks fourth out of six, with only EU and African businesses more negative about it.
• On business tax changes, the UK ranks sixth out of six.
• On planning regulations, the UK ranks fifth out of six, with only African businesses more negative.
• On financial reporting requirements, the UK ranks sixth out of six.
• On corporate governance requirements, the UK ranks fifth out of six, with only US businesses more negative.
• On health and safety regulations, the UK ranks sixth out of six.
• On environmental law, the UK ranks sixth out of six.
• On CSR reporting requirements, the UK ranks sixth out of six.

 Should make Cameron's trip to China, to 'sell' Britain, a piece of cake then!