World Economic Forum praises flexible labour market, uptake of technology and government efforts to reduce public sector deficit
Britain has moved up a list of the world's 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.
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