The United Kingdom's economic freedom score is 79, making its economy the 10th freest in the 2009 Index.
The economy is open to global trade and investment.
It scores very high on investment freedom, financial freedom, property rights, business freedom, freedom from corruption, labour freedom and trade freedom.
The average tariff rate is low and regulation is efficient. There are few restrictions on foreign investment. The financial system is well developed and the judiciary is independent and reliable.
Property rights are well enforced and contracts are secure. The UK ranks below the world average only in fiscal freedom and government size.
The disadvantage here is the high income tax. Starting a business takes 13 days. Inflation is low, averaging 2.3 per cent between 2005 and 2007.
Image: Actors in bowler hats are silhouetted in front of the Bank of England during the filming of a television programme in central London. | Photograph: Luke MacGregor/Reuters
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