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16min chapter
How to grow the economy
IFS Zooms In: The Economy
Navigating Economic Growth: Government Policy and Stability
This chapter explores the intricate relationship between government policy, stability, and economic growth, emphasizing how uncertainty can hinder investment. It discusses the evolution of industrial strategy in the UK since 2017, contrasting it with other OECD countries and highlighting the need for a cohesive approach to support businesses. The chapter also focuses on the importance of regional investments and skill development to address productivity disparities and foster innovation in key sectors.
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