Why the UK economy is in such a state – and even the Labour party doesn’t seem to get how bad things are

By Costas Lapavitsas, Professor of Economics, SOAS, University of London

The Labour leader Keir Starmer has warned that if his party wins the next UK general election, he will not be able to “turn on the spending taps”. Speaking at a thinktank event focused on the stagnation of the UK economy, he said the country was “in a hole” after 13 years of Conservative rule.

So if Labour were to win the next election, what would would its economic vision look like? And is it prepared to deal with the…

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