The above headline, from the Daily Telegraph, sums up well last week's disappointing review of the UK economy:
"Britain has slipped out of the ranks of fully "free" countries in this year's Heritage Index of Economic Freedom, reflecting the sharp rise in the tax burden and ballooning state sector.
The country has continued to slide down the league under Gordon Brown's economic management, falling from fifth to tenth place over the last two years. It has been overtaken by Canada, Chile, Switzerland, Australia, and the United States."
As a full disclosure, I spent much of my year at the Heritage Foundation working on the same floor as the Index of Economic Freedom team. But that only meant I saw for myself the scholarship and painstaking effort that goes into the report, published each year by Heritage and the Wall Street Journal. When such a publication shows how Britain's economy has fallen behind under Gordon Brown, it is time to listen and act.
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