With Britain in a doom loop, it’s hand-to-mouth for the forseeable future
A couple of years ago, think tanks and economic experts in Britain began to agree that the country is in what they called a ‘doom loop’ in economic growth and services.
The Institute for Government, it seems, was the first to draw this conclusion and it was quickly followed by the Institute of Public Policy Research.
“The UK is in an investment and growth doom loop. Chronic under-investment, public and private, is delivering stagnating growth and a struggling economy”, said the IPPR.
They found that UK underinvestment in infrastructure, research and development, skills and training had spanned several decades and successive governments, dating back to 2005.
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Feeney on Friday: With Britain in a doom loop, it’s hand-to-mouth for the forseeable future
The Financial Times took up this theme, showing how Britain lagged behind other G7 countries. Since the economy is stagnant, there’s no money to rebuild the public services the Conservatives have wrecked. Starmer’s new government will end up switching money needed for........
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