The UK must seize this opportunity to create an economy that can flourish without addiction to relentless expansion
‘A mere 0.3%increase in growth granted a reprieve from the harshest judgment on the austerity programme of the coalition.’
Andrew Simms, New economics foundation
To judge the health of the economy by whether growth rises or falls by a fraction of 1% is like measuring the height of the tide to see whether the ocean is thriving, or sick and polluted.
What passes for meaningful public debate about economics today concerns almost entirely who has the most convincing plan to restore growth. Who, in other words, can exert the strongest lunar pull to deliver a high tide, in the unscientific hope that this will be the same thing as ensuring a healthy, thriving ocean.