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Embracing Risk for Economic Growth and Innovation
The chapter highlights the importance of taking risks for future development and prosperity, referencing the paradox of thrift and the need for a shift in fiscal rules to encourage investments. It explores the impact of past financial crises on risk aversion and economic policies, emphasizing the necessity of bolder economic strategies and a national growth plan involving different sectors. The conversation underscores the latent potential in UK regions and the importance of empowering local leaders for driving national growth amidst challenges like high energy costs.