Is Britain ready to be honest about its decline?

Is Britain ready to be honest about its decline?
The UK economy has become less open to trade since the country pulled out of the European Union. (Image: Depositphotos)
Bloomberg
By Matthew Brooker Change is hard and requires, perhaps more than anything, honesty. There’s a reason the 12-step programme of Alcoholics Anonymous includes “making a searching and fearless moral inventory of ourselves”. How can we hope to know where we’re going unless we’re willing to understand and acknowledge where we are now? Britain’s greatest challenge in reversing its relative economic decline may be in recognising that it’s happening at all.London-based think tank the Resolution Foundation...

More Economy

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rams Logistics owed $3.2m to IRD
Economy

Rams Logistics owed $3.2m to IRD

About 50 employees are owed approximately $760,000, the liquidators said.

Gregor Thompson 08 May 2025
Paul Bloxham: NZ's growth to stem worker outflow to Australia
Economy

Paul Bloxham: NZ's growth to stem worker outflow to Australia

HSBC's chief economist says NZ will benefit from Chinese economic pivot.

Capital requirements review doesn't mean they are too high
Economy

Capital requirements review doesn't mean they are too high

The Reserve Bank of NZ is not committed to any one particular outcome. 

Rebecca Howard 07 May 2025