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Douglas Carswell's Blog

03 FEB 2012

Where is the strategy to get the British economy growing?

Since 2004, China's economy has grown by 126 percent. India's by 90 percent.  Brazil's by almost 40 percent.* 

Over that period as a whole, the UK economy has more or less flat lined.  The downturn has taken us pretty much to where we were.  About the only double digit growth has been in our levels of public debt - which continue to soar.

Is this all an unavoidable consequence of a crisis made in America    the banking sector the Eurozone? 

Or a result of what happens when you stick to a high tax/spend orthodoxy, keep throwing cheap credit at a problem caused by a glut of the stuff, and don't have any new ideas to set wealth creators free to make wealth?

(* - Measured in national currency GDP terms, in US$ terms the growth is even greater)

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