https://www.scmp.com/rss/514004/feed John H. Cochrane is a senior fellow of the Hoover Institution and an adjunct scholar at the Cato Institute. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Liz Truss’ stint as British prime minister is over, but she was right that the United Kingdom needs growth. Her downfall is tragic because growth is the only path out of the country’s economic dilemma. The UK is surprisingly poor. Its GDP per capita in 2021 was just US$47,000, compared to almost US$70,000 in the United States. The average British home is one-third the size of the average US home. Worse, the country’s economy is not growing. Its GDP per capita is lower than it was in 2007.... https://www.scmp.com/comment/opinion/article/3197272/tragedy-liz-truss-pro-growth-plans-are-just-what-britain-badly-needs?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3197272/tragedy-liz-truss-pro-growth-plans-are-just-what-britain-badly-needs?utm_source=rss_feed Thu, 27 Oct 2022 03:00:10 +0000