UK Economy: Resilient Enough to Survive Another Growth Speech
UK Economy Declared “Resilient” After Surviving Another Government Speech About Growth Five Observations From the Nation’s Most Frequently Announced Recovery British politicians now say “growth” the way medieval priests said “salvation” — with complete conviction, no visible evidence, and a strong implication that doubters are the problem. Economists estimate 40% of UK GDP currently consists of PowerPoint presentations about productivity, which are themselves becoming less productive, creating a recursive economic…