Is Britain’s economy finally moving?

illustration of the British flag, the Union Jack, fragmented into vertical bars. Over these bars, a jagged black line graph indicates fluctuating data, symbolizing economic trends in the UK

2024-07-23  1132  晦涩

Much of the gloom is warranted. Britain’s productivity record since the financial crisis has been feeble. Parts of the last government’s agenda, especially around Brexit, contributed to the sense of stagnation. The public finances are stretched thin. Hence Labour’s emphasis on growth: central to its election campaign was a promise to get Britain’s economy growing faster than that of any other G7 country. Muddying the picture somewhat, however, is the fact that a version of this milestone may already have been passed—under the Tories.

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