Policy uncertainty dampening UK growth
27 April 2023
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8 July 2024
Julian Jessop referenced in VoxEU
IEA Economics Fellow Julian Jessop has been referenced in VoxEU article discussing the role of constant policy flip flops in Britain’s lost decade of economic growth.
The article said:
“In the May 2022 survey (Smith and Ilzetzki 2022), the majority of the panel indicated that UK-specific structural issues would lead to low growth in the coming decade.
“One such issue is the tendency of government policy after 2016 to ‘flip-flop’ from one idea to the next, according to Julian Jessop, a fellow at the free-market Institute of Economic Affairs. As a result, there has been a high degree of uncertainty, forcing companies to focus on staying afloat instead of building and expanding their businesses.”
Read the full piece here.
The article said:
“In the May 2022 survey (Smith and Ilzetzki 2022), the majority of the panel indicated that UK-specific structural issues would lead to low growth in the coming decade.
“One such issue is the tendency of government policy after 2016 to ‘flip-flop’ from one idea to the next, according to Julian Jessop, a fellow at the free-market Institute of Economic Affairs. As a result, there has been a high degree of uncertainty, forcing companies to focus on staying afloat instead of building and expanding their businesses.”
Read the full piece here.
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