Britain has been demoted to the category of "mostly free" countries in the latest edition of the Heritage Foundation/IEA Index of Economic Freedom

Britain has slipped out of the ranks of fully “free” countries in this year’s Heritage Foundation/IEA Index of Economic Freedom, reflecting the sharp rise in the tax burden and ballooning state sector.

As reported in the Telegraph Britain has continued to slide down the league falling from fifth to tenth place over the last two years. It has been overtaken by Canada, Chile, Switzerland, Australia, and the United States and now joins most of the other EU countries in the “mostly free” categories.

High-tax Britain booted from club of ‘free’ economies

Please click for more information on the ‘2008 Index of Economic Freedom’