Officials will argue it is a slippery slope. But unless we get a grip on how to push our long-term productivity rate up, the only way is down.
Stability and market confidence have been re-established. That allows the possibility to relax the planned fiscal restraint over the next two years, if global economic circumstances improve.
Only when we work together to unlock the potential of Britain’s smallest entrepreneurs can we unleash the full power of the economy.
The moral of this story is that these models provide interesting context – a little like horoscopes. But when it comes to decision-making, give me an economic historian in preference to a model any day.
There is not long to go until the next election and much to do, but there are real wins to be found in the legislative programme.
The second part of a mini-series on ConservativeHome this week about how the Government can help Britain’s economy to grow faster.
The first part of a mini-series on ConservativeHome this week about how the Government can help Britain’s economy to grow faster.
There is much that we can offer the region thanks to our expertise in many of the twenty-first century’s key industries.
We can avoid getting into an argument about whether or not the Government’s plan is an industrial strategy. The Conservative Party has got rather hung up on that term.
As a former Brexit Secretary, I know that we can use our Brexit freedoms to achieve incredible things. Changes to EU regulations in our five growth industries will mean that we can deliver the very best for our great country,
We now have created a situation where the OBR is effectively setting the immediate stance of fiscal policy. If economic expectations are poor, the finances look poor, so austerity or tax hikes follow – but these in turn make the economy and finances worse.
In Jeremy Hunt’s first big pitch to the UK business community, he must listen to the demands set out in our research, and get both his diagnosis and prescription correct.
Trying to replicate successful schemes like Canary Wharf in places like the East of England is a pointless exercise. What works in cities may not be applicable elsewhere.
Hunt faces the conflicting objectives of reassuring the markets at the same time as continuing with as much of her agenda as possible.
This new sector is one of the best opportunities on offer for levelling up our country for all – and delivering a post-Brexit success story.