Ep 440: Growth gamble
Sensemaker
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The Sense Maker From Tortoise - One Story Every Day to Make Sense of the World
Quasi-Quatang: Our aim over the medium term is to reach a trend rate of growth of 2.5%. That's compared to 1.7% previously forecast by the independent Office for Budget Responsibility. The markets took fright, the International Monetary Fund openly criticised the government's plans and the Bank of England had to launch a £65 billion emergency intervention. But still, Liz Truss and Quasi Quaten insist that their plan is the right one to get the economy growing. They believe that if people have to pay less in tax, they'll instead spend that money on goods and services - good for the economy.
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