Emeritus Prof Christopher May on Nostr: Martin Wolf (FT) offers four key reasons for the UK's current (ongoing) economic ...
Martin Wolf (FT) offers four key reasons for the UK's current (ongoing) economic malaise:
1. UK's savings rate is too low; which lowers potential investment(s);
2. competition is stifled; too many sectors are effective oligopolies;
3. ineffective or obstructive regulation (from planning to market regulation) needs reform/rethinking;
4. a political class without long-term strategic vision or any real clue as to how to address the problems.
Simple to say, difficulty to change!
#politics
1. UK's savings rate is too low; which lowers potential investment(s);
2. competition is stifled; too many sectors are effective oligopolies;
3. ineffective or obstructive regulation (from planning to market regulation) needs reform/rethinking;
4. a political class without long-term strategic vision or any real clue as to how to address the problems.
Simple to say, difficulty to change!
#politics