Thank red tape for the UK’s lacklustre growth


In the Media

Len Shackleton writes for ConservativeHome

Matthew Lesh writes for the Express

IEA Director of Public Policy and Communications Matthew Lesh has written for the Express on why it is foolish to celebrate the UK’s lacklustre IMF growth forecasts.

Matthew wrote:

“Rather than shrink by 0.3 percent, as was predicted earlier in the year, the UK economy will grow by 0.4 percent in 2023 and 1.00 percent in 2024.

“Avoiding a recession by a whisker is hardly something to celebrate. UK growth will still be the slowest in the G7, coming only after Germany. The longer-term picture is bleak. Britain’s economy has been stagnant for over a decade.

“There is no bigger issue facing Britain than growth. Yet our political leaders are failing to meet the challenge. Instead, they constantly burden businesses with more cumbersome red tape that holds us back.”

You can read the full article here.