Truss’s backward vision of the future ...Qatar

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Truss’s backward vision of the future
What is the government’s proper role in an advanced market economy? That is the fundamental question at the heart of the economic debacle in the UK. So far, the focus has been on Prime Minister Liz Truss’s disastrous macroeconomic judgment and the (entirely understandable) reaction of financial markets to her fiscal plan. But Truss and her Chancellor of the Exchequer, Kwasi Kwarteng, got one thing right: the UK’s core problem is that long-term growth has ground to a halt. Few would disagree with Truss and Kwarteng’s diagnosis of the UK’s economic challenges. The current confluence of global crises has exposed the country’s chronically low growth rate and flat-lining productivity. But their

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