Financial Times

It is time for the UK to think like an emerging market

The UK needs to act as if under a stabilisation programme with a multiyear plan, redistribution of economic burdens, and decrease in inflation. Other components include reallocation of fiscal priorities, promoting increased supply of housing, labour supply reforms, and tightening of monetary policy.

UK needs to act as if under a stabilisation programme.
Shift in macroeconomic regime due to Brexit and flatlining productivity growth.
Co-ordinated programme requires multiyear plan, redistribution of economic burdens and decrease in inflation.
Components of programme include reallocation of fiscal priorities, promoting increased supply of housing, labour supply reforms, and tightening of monetary policy.
UK should lean in to being a global Britain post-Brexit and specialise, rather than following larger countries.

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