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It is a fair process. It is about reassuring the law body as much as
anything else. If they obey the law, they will not be punished. It is
that fear of a risk, fear of an arbitrary on that punishment.
The more incentive to the question is that to obey the law.
Similarly, in commercial matters or civil disputes, people and
business need to know about how to operate and be able to
enforce their claims or their failed obligations will be a remedy
against them.

Does that ratio keep business and commerce going? Those
who do business in the UK neither be on the base of trying to test
of legal foundation. In turn, foreign companies come to Britain,
brings in jobs and investments because we are stable place to do
business, amongst, I hope, other reasons.

And I think it is also how these principles are 800 years old,
the rule of law helps us define liberty, individual, access, justice
and asked the relevance today. They didn’t emerge fully formed
but took a long time to get there. They were difficult and have
been a struggle. They caused war and took a lot of time to come
up to be a part of our constitution.

But I think they also survived because they fundamentally
struck a good balance between those who were governed and
those who governed. And I think their reflected the process that
had brought two sides together. They give us opportunities,
sometimes a difficult one, sometimes a difficult conversation on
behalf, but opportunities for the government to express their views
and to set down where the country as a whole should lead and go.
That’s why I think the Magna Carta has probably been used in
our own context and in many other contexts as well. I think it’s
probably quite appropriate to draw an example given the room
where hosted today of the UN Secretary-General and high-level
panel on the post 2015 development agenda which identify the
rule of law as a key part in tackling causes of poverty.

It causes me to think that we should always be cautious of
statistics. But it was a fascinating and a strong correlation
between the World Bank and the Rule of Law Index in the GDP
per capita across the world. The higher the rule of law ranking,

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