Economic devolution is a powerful tool that can be used to promote economic growth and development in regions that have been neglected in the past. It is a process that involves transferring economic power and decision-making from a central government to local or regional authorities. The idea behind economic devolution is to give local authoritiesContinue reading “Docklands’ Devolution Success”
Tag Archives: thatcher
Britain’s Decline: 1950-79
John Maynard Keynes revolutionised the Economics profession. Through developing the foundations for the New Keynesian consensus that occupies policymakers today. However, successive Labour and Conservative governments stuck religiously to the Keynesian demand-management model, neglecting the supply-side performance of the economy that continuously lagged behind its peers. Heavy government intervention, a key tenant of the originalContinue reading “Britain’s Decline: 1950-79”
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