What should the government do to boost growth?
The UK hasn’t had any real economic growth for over 15 years now and this is projected to continue.
Before 2008 it had the fastest economic growth in the G7 for a decade.
Since then it has lagged behind the US, the EU27 and Germany: https://ifs.org.uk/news/decade-and-half-historically-poor-growth-has-taken-its-toll
The current government have made it their number one manifesto promise but so far their policy decisions such as increasing taxes on businesses past already record levels are having the opposite effect.
So what do you think can be done to combat this issue?
My personal thoughts are that NIMBYism and over regulation in this country is one of the biggest barriers to growth. It stops us investing in new infrastructure and increases the cost of doing so massively.
£100m spent just on a bat tunnel for HS2: https://www.bbc.co.uk/news/articles/c9wryxyljglo.amp
What was meant to be a revolutionary productivity boosting high speed line linking north to south has now been cut to half the size and costs soaring by tens of billions versus estimates.
Just adding a great FT article on the UK issue of growth: https://www.ft.com/content/8178b984-cf92-4313-8381-d8e2f6fc7fa0