that is usually seen in conservative administrations.
there are numerous studies as to why we are stuck in a hole since the sub prime mortage crisis in 2008. Low productivity leads to lower growth compared to the US, the EU, Australia, the BRICS etc. We used to enjoy better living standard than the Americans. Not now. We are about 40% behind the average American.
Of the £3 trillions worth of assets that the LSE manages, little is invested outside London.
Most of our savings go into stoking up house price instead of investing in productive industries. It's the legacy of MT.
Not sure what to say about such wrong headed thinking, but I'll give it a try.
1. If you think incompetent minsters are only a feature of Conservative administrations you have a very short memory. Just look at the shambles that is Wales, where on just about every metric the country is doing far worse than England. Look north of the border to see the same. Remember the shambles left by Blunket, by Prestcott. Remember the Casinos policy and the deregulation of gambling and gambling advertising. Remember how Prestcott set about demolishing old houses supposedly to rejuvenate areas only to replace them with far far fewer than were taken down and those that were build were too expensive for the people displaced to buy or rent. I could go on.
You have seen me say that the last government was incompetent, so I am not making party political games here - but you ARE.
As for living standards here:
Living standards have been absolutely hammered by Covid, and covid necessary spending, and by the disastrous hike in the cost of fuel and heating world wide due to the fact that the world's second largest hydrocarbon supplier invaded Ukraine and caused a massive shortage of gas and oil by being sanctioned. This is a world wide phenomenon and not the result of our government's policy.
The conservatives deserved to lose but not because covid ruined us and not because of the results of the Ukraine war on our cost of living.
www.spectator.co.uk
