will Kwasi Kwarteng's plan deliver growth?
- Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London
The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.
Now the new chancellor, Kwasi Kwarteng, has unveiled what he says is a radical plan to get growth back to its historic average of 2.5%...