Despatch: Same mistakes, same results
Rachel Reeves delivers her Mais lecture. Zack Polanski addresses the New Economics Foundation. Both correctly identify the wounds – and then reach for policies that will make them worse.
Britain's productivity slowdown is the worst in 250 years. GDP per head is nearly £11,000 lower than it would have been had pre-2008 trends continued. Youth unemployment is the highest in Europe. And yet we keep returning to the same remedies: more state, more intervention, more taxation – more of exactly what hasn't worked.
Reem Ibrahim of Reason Magazine offers a clear-eyed audit of where Britain's economic…
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