Unemployment is down. Retail sales are still strong. House prices are stable. Even the Great British Peso, the currency formerly known as the pound, has recovered much of its losses of the past year. After the vote to leave the EU, the UK economy has been remarkably strong. Even triggering Article 50, which some said would be the point when the whole pack of cards collapsed, doesn’t seem to have made any difference.
With that wind in behind the UK’s sails, it is easy to understand why the Conservative party is feeling fairly secure about the state of the economy. And that may help explain why there is remarkably little in the manifesto to strengthen the competitiveness of the country. Sure, the commitment to reduce corporation tax to 17percent is maintained, and that is great. The lowest earners will progressively be taken out of income tax.
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