Low growth in the UK – and across the West compared to the East is not inevitable. It has happened because we have strived to achieve the wrong policy goals.
In his latest book, John Mills tackles The Elephant in the Room, which he describes as the economic policies pursued by consecutive over the last 40 years which has led to Britain deinstruialising on a scale unrivalled anywhere else in the world.
We have a major problem in our financial relationship with the other EU countries. It would exist whether or not the Brexit vote on 23rd June 2016 had gone the way it did. Furthermore, unless action is taken to deal with it, this challenge is likely to continue to be with us whatever the outcome of the Brexit negotiations currently in train. This is a matter which ought to concern all the political parties in the UK as everyone in the country shares a common interest in finding a solution.
