While the shift towards higher taxes and spending after the pandemic appears to be here to stay, there is little to suggest an expanded state would curtail GDP growth. But without supply-side reforms aimed at solving the UK’s fundamental problems of low investment, low productivity and a low labour force, it’s difficult to make the case that a big state would provide much of a lasting boost either.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.