Foundations: Why Britain Has Stagnated.
A new essay by @bswud, @SCP_Hughes & me.
Why the UK's ban on investment in housing, infrastructure and energy is not just a problem. It is *the* problem.
And how fixing it is the defining task of our generation.
https://t.co/N6McRZCOlx
@ab4scambs Also there was a Euro crisis in 2011/2
We should be comparing per capita as I suspect net migration higher in UK over that period....
I see that has gone up a bit....
BTW how do we feel about a decade plus of building bank resolution regimes after last weekend?
@ab4scambs I think only in terms of $ changes now!
Agree re static comparisons
But for long term growth rates?
Euro and GBP depreciation actually v similar since 2009
My mother (a huge fan of yours/NIMBY) told me you are stepping down....
Hope all's well