The Chief Economist at the Policy Exchange analyses the British economy’s performance over the past decade and argues that all is not well for the UK economy. He argues we are heading in the wrong direction and urges for reform in key areas. […]
Private and public overspending has fuelled Britain’s economic growth of the past but it is now high time to rid ourselves of our sweet tooth for debt. The Chancellor is right but his words are just a little hollow without an acknowledgement that the Government has contributed to the current credit crisis.
The forthcoming comprehensive spending review would be a good opportunity for Mr Darling to follow his words with action. If his own finances were in order, his advice to the private sector would carry greater weight. […]
Britain’s transport infrastructure is, quite simply, not fit for purpose. Heathrow, as the nation’s most important air travel hub, can only be described as inadequate. While all other major European airports have increased their capacity, it took more than two decades just to plan the new Terminal five and a third runway is nowhere in sight.
Ground transport on Britain’s roads and rails is equally substandard. In no other European country can one find fewer roads per person. On average, for every Briton there are six metres of road. Even in the much more densely populated Netherlands, and in Japan, they have seven and nine metres per person respectively. […]
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