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Old 03-10-2022, 20:37   #685
OLD BOY
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Re: New Prime Minister: Liz Truss

Quote:
Originally Posted by 1andrew1 View Post
If you want long-term economic growth, you can't get it by the special brand of Corbynomics which you and Kwarteng have fallen head over heels for at the country's expense...literally!

You need increases in efficiency (such as increased automation, increased economies of scale) or increases in the workforce to grow the economy. What we've had is a reduction in productivity due to Brexit (knocking 4% off GDP) and a reduction in the workforce due to Covid (55+s quitting) and Brexit (with EU citizens returning home and not coming back to the UK).
You can hardly associate the Truss/Kwartang plan as ‘Corbynomics’. They are wanting to grow the pie, not reduce it.
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