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What is economic growth and why does it matter?

The Real Story

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Growth in the Real Story Office

New UK Prime Minister Liz Truss has put growth at the centre of her political agenda. Decision to jump stark growth by cutting taxes or reversing decisions to increase them without explaining how reduction in government revenue will be funded have seen cost of borrowing rise sharply. Focusing then on growth in the form of tax cuts, which might stimulate both spending and investment with a bit of luck would require an awful lot more borrowing.

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