GROWING PAINS FOR THE NEXT GOVERNMENT: iea economic afairs
Tim Congdon2010, Economic Affairs
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Abstract
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This paper discusses the economic challenges facing the UK government after 2010, highlighting a shift from relatively strong growth to a period of slower growth due to a range of factors. Key issues include a declining growth in the labor force, stagnating productivity in the public sector, rising taxation, and increased regulation on the banking sector. The author emphasizes the need for the next government to address these challenges to avoid a potential erosion of economic performance that could mirror the difficulties faced during the late 1970s.
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