UK business prosperity THRASHING EU – New report disproves Remoaner Brexit scaremongering

THE UK remains the “best business environment in Europe” according to a new report released yesterday that proves Remoaner scaremongering in the Brexit referendum.

UK prosperityGETTY

The UK is the best business environment in Europe according to the Legatum Prosperity Index
The Legatum Prosperity Index, which measures the economic and social wellbeing of countries around the world, has found the UK has retained its place since last year’s vote as the tenth most prosperous country in the world and the top European location for businesses.

The report disproves the claims of Remoaners such as Lib Dem leader Vince Cable that businesses are moving abroad because of the vote to leave the UK.

Legatum Institute’s CEO, Baroness Philippa Stroud, has said her organisation’s report highlights the “solid foundations” that the UK is built on.

She said: “It is encouraging to see the UK’s ranking unchanged since the momentous referendum last year.

“This year’s Index demonstrates that Britain has built the best Business Environment in Europe, and the fifth best in the world.

“Combined with world-class Governance, it suggests that the UK’s prosperity has been built on solid foundations, as it prepares for a future outside of the EU.”

Evidence from the index also indicates that the quality of the economy in the UK has also improved over the past 12 months and is now better than both Canada and the US.

Germany sits ninth in the world for economic quality, while other so called leaders of Europe lag much further behind.

Emmanuel Macron’s France sits 25th in the world for economic quality, while Spain is 37th.

The results of the study are overseen by an international expert advisory panel led by the Nobel Prize winner Professor Sir Angus Deaton.

Former Business Secretary Vince Cable has previously claimed that businesses were “quietly shifting” their operations to the continent because of Brexit.

However, the news that Britain remains the best location in Europe for businesses will lead to questions about the accuracy of the Lib Dem’s claim.

The fact that Britain has a better quality economy than other large European economies also calls into question the scaremongering claims made by EU diplomats that Britain has the most to lose from Brexit.

The EU’s foreign policy chief, Federica Mogherini, said earlier this year that Britain would be worse off because of the decision to leave the bureaucratic trade bloc.

Cameron remain campaginGETTY

The Remain campaign claimed in the referendum that businesses would leave the UK after Brexit

Federica MogheriniGETTY

Federica Mogherini said that Britain had more to lose from Brexit than the EU
She said: “Let me tell you that to me all member states are important, equally, because one can be contributing more on some policies than others.

“But I think our British friends will lose more than we lose.”

At present, Britain’s membership of the Brussels club means that they are forced to send millions of pounds a year abroad to help fund Europe’s less prosperous countries.

Greece, which the UK has been forced to help bail out of its debts on multiple occasions, sits 49th in the global rankings of prosperity.

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