UK economy leapfrogs Japan, Hong Kong and Finland to become world's seventh most competitive - but Bank warns on Brexit threat
The UK economy has become more competitive on the global stage in the last year and now ranks seventh - although this advance will come under threat from Brexit, a study warns.
The World Economic Forum said Britain moved up three places in its Global Competitiveness Report - but that the results were based on data predating Britain's June 23 vote to quit the European Union, which posed considerable risks to its competitiveness.
Another warning on Brexit today came from the Bank of England as a member of the monetary policy committee said further stimulus is likely to be needed as the UK... read more
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