The United Kingdom’s economic freedom score is 74.8, making its economy the 14th freest in the 2013 Index. Its score is 0.7 point higher than last year, showing its efforts to improve control of government spending. The U.K. is ranked 5th out of 43 countries in the Europe region.
the U.K. has long benefited from openness to global trade and investment. Reforms undertaken in recent years include measures to curb the growth of government spending and a series of corporate tax rate cuts that will continue until 2014. Ending the steady erosion of economic freedom during the past five years, Britain’s overall score increased in the 2013 Index.
the U.K. has long benefited from openness to global trade and investment. Reforms undertaken in recent years include measures to curb the growth of government spending and a series of corporate tax rate cuts that will continue until 2014. Ending the steady erosion of economic freedom during the past five years, Britain’s overall score increased in the 2013 Index.
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