Dartmouth’s David Blanchflower says he was wrong in claiming that Britain’s economic recovery under the Coalition was the slowest and worst in a hundred years. “I should have said worst in 314 years. I severely understated how bad things have actually been,” he writes in an opinion piece for The Independent.
“I do recall saying in June 2010, ‘this Budget will kill the recovery stone dead.’ And it did. Not since the South Sea Bubble in 1720 has Britain seen such a prolonged recovery,” writes Blanchflower, the Bruce V. Rauner Professor of Economics.
Read the full opinion piece, published 8/3/14 by The Independent.