That’s the time the Conservative Party were voted in and imposed “austerity”. This involved scaling back government spending and scratching their heads wondering why growth is stalled.
It is insane that not only has it lasted multiple Conservative governments and appears to be alive and well under Starmer's Labour, but also that the USA has now decided to embrace it too.
I don't understand it, I thought these guys were all supposed to have studied economics (is that not the "E" in that Oxbridge "PPE" degree they all have) how are they fumbling the basics so badly
post '08 and until 2016 the UK economy was the fastest growing in the G7, notably countries that imposed much more severe austerity fared even better - Ireland who are still wedded to the policy continues to thrive, Estonian, Latvian, and Lithuanian economies all grew at a much faster rate than the UK (and by extension the rest of the G7)
Head in the sand eh? even using your data the picture is very different to what you were claiming and much closer to my assertion, so we use different sources...your conclusion is still incorrect.
Bet you're not interested in looking at the three Baltic states I mentioned or Ireland...because it would be another fistful of nails in the coffin of your purely ideological belief that "aUsTeRiTy BaD" (truthfully, some austerity is bad, but the fiscal kind).
I’m sure Brexit hasn’t helped, but it seems that the economic stewardship of the coalition and post-coalition governments was also lacking.
I don’t know what the UK can do about it, but it’s been stuck in a spiral of economic stagnation for over 15 years now.