One is we’ve just let state spending drift up too high. It’s 10 percentage points higher as a share of GDP than it was in the early Blair era. That in itself is enough to take 1% off growth, probably. Second, the markets are all gummed up. All our markets of all kinds are simply gummed up, over-regulated massively compared to where we were 20 or 30 years ago. The third bit of it, I think, is less economic and more cultural. I think it’s about the erosion of the sense of the British nation state’s political project – that we are all one country together, all pulling in the same sort of direction.
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Samizdata quote of the day – What’s gone wrong with Britain?October 26th, 2026 |
 1 comment to Samizdata quote of the day – What’s gone wrong with Britain?Leave a Reply |
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Dear Mr de Havilland
Perhaps we are at the end game.
Chill Dude Explains – Signs Every Collapsing Society Thought Were Progress:
http://www.youtube.com/watch?v=dVXNrLYyGuI
DP