How Britain’s economy went from ‘gangbusters’ to flatlining in four weeks
The TelegraphThis will be behind the US and Canada, where the economy will expand by 10.6pc and 9.7pc respectively, according to the Resolution Foundation’s analysis of IMF forecasts. “To get the growth rates up, you need sustained changes in the growth rates of productivity and labour force,” says Dales. “I think it is the right thing to assume that there is not going to be any big change there for the next five years or so,” says Dales. “Both parties are trying to say they can influence the economic growth rates in the medium term, but most political parties have struggled to achieve that over the last 20 years.” To really tackle long-term growth, the next government will need to tackle a multitude of problems but the biggest focus should be on boosting investment, says Dales. “The one thing that is really, really problematic is that in the UK the investment rate is much lower than in every other G7 economy,” says Dales.
History of this topic
British economy flatlines in 3rd quarter in another blow to new Labour government
Associated Press
UK economy the fastest growing in the G7 in 2024, economists say
The Independent
UK economy grows 0.6% between April and June as it recovers from recession
Associated Press
Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts
The Independent
IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy
Daily Mail
Britain ‘step closer to recession’ after economy shrank in August
The Independent
UK GDP: Recovery still lagging other G7 economies as growth slows
CNNDiscover Related
