It is easy to get depressed at the moment. The days are shorter, the weather a bit grim and the country’s two main official forecasting bodies, the Bank of England and the Office for Budget Responsibility (OBR), both say we are in a recession that will last for some time. Consumers are downbeat and so are businesses.

The big reason I am depressed this Sunday, however, is that what Liz Truss called the anti-growth coalition — which infects the Tory Party and has a strong foothold in Labour — has been busy scuppering the UK’s growth prospects.

All this is happening at a time when the UK economy is doing badly. Productivity has yet to break out of its stagnation since the financial crisis, business

Source link