This is a brilliant, MUST READ article from the Economist that compares the UK investment to Sub-Saharan Africa! It’s quite amazing really; check it out!
via Britain’s economy: Let’s try to catch up with Mali | The Economist.
For me, this article confirms my view that David Cameron and George Osborne remain smoke and mirrors leaders. The article sums up my own views, expressed frequently on this blog that the UK urgently needs aggressive fiscal policy:
The tax system could support growth in other ways. A truly ruthless chancellor would consider temporary tax relief on new investment. And the puny 10% tax break on R&D could be raised. Finally, government investment should be raised further and faster, even if this means trampling ring-fences around the NHS and foreign aid.
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