Formal:
* Elle est anglaise. (This is the most common and neutral way to say it.)
Informal:
* C'est une Anglaise. (This literally means "She is an Englishwoman," but it's also a common way to say "She is English.")
* Elle est de nationalité anglaise. (This emphasizes her nationality.)
If you want to emphasize that she is from England, you can say:
* Elle est originaire d'Angleterre. (This means "She is from England.")
If you want to specify that she is British (as opposed to from another part of the United Kingdom), you can say:
* Elle est Britannique. (This means "She is British.")
The best way to say it depends on the context and what you want to emphasize.