Record low interest rates, money creation, Brexit, pandemic furloughs, and a significant output fall have characterized the challenging economic landscape in the UK. Former PM Gordon Brown critiques the Conservative government for ineffective austerity policies leading to low growth, productivity, and wages.
Austerity measures have backfired, missing deficit targets and causing chronic financial issues. The UK's productivity growth has slumped to historic lows, signaling the urgent need for a new strategy to revitalize the economy.
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