This is the bravest intervention by a British political leader I can remember. It lays out in stark terms the central problem of the UK economy: we have substituted investment for entitlements. The solution is painful, but necessary. This thread will attempt to explain.
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The Critic@TheCriticMag“About 50 years ago, Britain stopped investing in its future... What we used to spend on roads, railways, power stations, homes, hospitals, and schools has been diverted to direct cash transfers to people.” ✍️ |@WilliamClouston https://thecritic.co.uk/from-an-entitlement-state-to-an-investment-state/