who s asking what s going on? the government offers this explanation. it s the legacy of covid and it s, of course, what putin is doing. but are ukraine and covid the full story? i think the uk is probably poorer than most people think. the system isn t producing like it should. that is the result - of choices we ve made. this is definitely not what normal looks like. this is what failure looks like. the government rejects talk of failure or decline, and it s true, britain is one of the richest countries in the world, but if that s the case, why do so many people feel so poor? cornwall is home to more than half a million people. it s where i grew up and where my parents still live. these days, cornwall relies on fishing, farming and, most of all, tourism. it s one of the most popular destinations in the country. it s also one of the poorest in the uk. cornish workers are among the uk s lowest paid. with rising food, housing, and energy prices, life has got harder in the last
than in other countries. this is especially the case in 2010, but it is a longer term problem that we have seen over the years. the government doesn t deny there is a problem here. since 2020, it has increased its own spending on investments and last year, rishi sunak asked this. why is investment in capital so low? my analysis is clear, the problem is no longer the government. businesses simply aren t investing enough. but why might that be? because businesses don t take investment decisions in a vacuum and one factor in their decision making is political turbulence. most economists would tell you what is the number one thing you can do to make sure, to incentivise business
the case in 2010, but it is a longer term problem that we have seen over the years. the government have seen over the years. the government doesn t deny there is a problem here. since 2020 it has increased its own spending on investment and last year rishi sunak asked this. why is investment in capital so low? analysis is clear, the problem is no longer the government. businesses simply aren t investing enough. but why might aren t investing enough. but why might that aren t investing enough. but why might that be? because businesses don t take investment decisions in a vacuum and one factor in their decision making is political turbulence. decision-making is political turbulence. decision-making is political turbulence. most economists would tell turbulence. most economists would tell you turbulence. most economists would tell you what - turbulence. most economists would tell you what is - turbulence. most economists would tell you what is the i would tell you what is the n