Broadway Market in London on July 16. British consumer confidence is bouncing back from the depths of Covid-19 despair, but the government’s financial position remains precarious. Photo: Bloomberg
Broadway Market in London on July 16. British consumer confidence is bouncing back from the depths of Covid-19 despair, but the government’s financial position remains precarious. Photo: Bloomberg
David Brown
Opinion

Opinion

Macroscope by David Brown

British economic recovery looks good on paper, but serious problems are piling up

  • Confidence is high, employment conditions are bouncing back and retail spending is rebounding. But scratch the surface and it’s a different story
  • The government has no long-term industrial strategy. Instead, British industry is effectively up for sale to bridge the country’s burgeoning current account gap

Broadway Market in London on July 16. British consumer confidence is bouncing back from the depths of Covid-19 despair, but the government’s financial position remains precarious. Photo: Bloomberg
Broadway Market in London on July 16. British consumer confidence is bouncing back from the depths of Covid-19 despair, but the government’s financial position remains precarious. Photo: Bloomberg
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