Article 3WN76 A decade after the crash, we still borrow too much and invest too little

A decade after the crash, we still borrow too much and invest too little

by
Guardian Staff
from Economics | The Guardian on (#3WN76)
The banking crisis prompted talk of economic reform, shared prosperity and a 'march of the makers'. None of it has happened

A decade ago, Britain was in the early stages of what would turn out to be the deepest recession of recent times. It has never really recovered.

Only twice in the past 10 years has the economy broken out of its post-crisis torpor. The first time was in late 2009 and early 2010, when the country was jolted back into life by the monetary and fiscal stimulus provided by the Bank of England. That rally was killed off by George Osborne's ill-timed austerity and by the protracted troubles of the eurozone.

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