What is the reason for the decline in the rate of economic development in England

What is the reason for the decline in the rate of economic development in England, due to which they began to catch up and then outstrip other countries?

For a long time, England was considered the world leader in terms of economic development, but its leadership began to shift to more developed capitalist states in modern times. At this time, her former colonies got rid of dependence and began to independently conduct economic affairs. Many European countries outstripped Britain in terms of the pace of development of trade and industry, because they quickly transitioned to capitalism. They were dominated by a more democratic order. Science and industry developed faster in them.