This apology for a Tory government, headed by Boris Johnson, is the first to make it an object of economic policy to make the country poorer. In the sphere of economic policy, our own National Institute of Economic and Social Research recently pointed out that shocks to the system can have a perceptible impact in lowering an economy’s long-term growth path. And we don’t need to go into what punitive economic policies contributed to the conditions that led to the rise of Hitler. But overseas investment, according to a London University study, is due to fall by a third after we leave the single market and customs union. Never mind: No 10, where chaos seems to be rampant, is planning to attract such investment to “global Britain”.

Source: The Guardian November 15, 2020 06:56 UTC