RE: Labour Austerity27 Mar 2025 09:35
Apologies for jumping on your fantasy thread with a fact or two but..
'Relative to the decades leading up to the Global Financial Crisis, the performance of the economy has been very poor. Figure 2.1 highlights this. The solid line shows actual GDP per capita, the dashed line what it would have been had growth continued on its pre-financial crisis path. If this had happened, GDP would have reached £50,200 per person, a 35 per cent increase since 2008. Instead, it was £39,400, an increase of just 6 per cent over a fifteen-year period. Economic growth this slow over this long a period has no precedent in the UK since at least the end of World War II.'
W⚓s