For the first time since the 2008 crash the three great economic superpowers, America, China and Japan are all growing fast. Asian markets and the EU are picking up too. The UK is bumping along the bottom, way below the leaders and the EU. Paradoxically this is why we joined the Common market as it then was. We were called the Sick Man of Europe. Are we headed back to square one?
The answer is yes unless we do something about it. Although our growth is now faltering, manufacturing is expanding at its fastest pace in thirty years, due to the low pound. So there is a spark. We have now to stoke the fire with a massive reboot of the economic base with an infrastructure and affordable rental housing spend of at least £435 billion, plus start up investment in new technologies, R&D and home manufacturing of goods and food.
We cannot just stand by humming a merry tune while we wait to see whether we get hard, soft or no Brexit. We have to act to insulate ourselves from the negatives of all, ready to seize the opportunities of any. The only question is borrow or print? Regular readers will know my answer. New readers may like the find out more by clicking on the attached link.
