Philip Booth comments on the revised figures for economic growth in the UK
“The downward revision to national income figures demonstrates the importance of redoubling efforts to reduce government spending and regulation.
“During its post-crisis phase, terrible productivity performance has been a key feature of the UK economy. More radical deregulation of planning; an end to the ratcheting up of regulation on the financial sector; and considerable tax cuts, financed by reductions in government spending, are essential if the economy is going to begin growing at rates which will facilitate increased prosperity for all.”
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