The Queen’s Speech: No Queen and little respite

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The Queen’s Speech: No Queen and little respite
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In fairness, the Queen's Speech isn't a fiscal event. But then again, the Spring Statement was largely a fiscal damp squib. The West End Final newsletter by jackkessler1 is out now.

Johnson is of course right to point out that economic growth is a prerequisite for rising living standards. The curious thing is there doesn’t seem to be a plan to achieve that. Average weekly earnings, adjusted for inflation, are set to be essentially flat for 15 years. Whether or not the Bank of England’s warning of a recession comes to pass, growth is projected to be roughly nil out to 2025. And a trade war with our largest trading partner would not exactly tip the balance in our favour.

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