Since the financial crash, the UK has endured a sustained period of tepid economic growth. Like many developed nations it has struggled to recapture anything remotely like its pre-2008 growth rates as former Prime Minister David Cameron and ex-Chancellor George Osborne sought to reduce the country’s deficit while spurring an uptick in gross domestic product (GDP). As the Institute for Fiscal Studies (IFS) outlines in its excellent analysis of the UK economy during the 14 years of Conservative rule, Britain grew at six per cent per capita throughout the period, lagging behind the US and the rest of the EU,…

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