Austerity is the cause of our economic woes. It’s nothing to do with the EU | Mariana Mazzucato
by Mariana Mazzucato from on (#1JHDN)
The referendum shows how far Britain's economic failures have divided the country, but Brexit will only make them harder to address
I was one of 150 academic economists, including 12 Nobel prize winners, who warned of the risks of Britain leaving Europe: recession, job losses, higher costs of living, lower investment, lower innovation and worsening public finances.
We did this not because we were part of Project Fear, but because of our understanding of the problems in the UK's economy, and their real causes. These include low investment, weak productivity and high inequality, problems that will not be solved by a Brexit.
Britain's politicians have failed to provide a vision about their nation's future, or a sense of direction
Related: Boris Johnson broke Britain. So why should he be in charge of mending it? | Adam Bienkov
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