Public spending rise sees UK fall down freedom rankings

City AM reports on the 2011 Index of Economic Freedom

BRITONS face increasing restrictions on their financial and businesses freedoms, according to an international survey released today.

Last year the UK dropped out of the top 10 most economically free countries, and has plummeted a further five places in today’s report.

The UK is now ranked 16 in the world, below countries such as Canada, Denmark, New Zealand, the Netherlands and the US.

Business freedom and labour freedom both dropped in the UK, according to the report which was released in association with the Institute for Economic Affairs (IEA).

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