Growth matters: why the budget must be for the long term

Growth matters: why the budget must be for the long term
Document type
Beatson, Mark Corry, DAn Leunig, Tim Nicholson, Chris Pryce, Vicky
Date of publication
17 March 2011
Trends: economic, social and technology trends affecting business
Business and management
Material type

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This paper focuses on two areas where we believe that further action is required by government – localism and sub-national growth policies and youth unemployment. We then set out how we consider a sector based approach to growth should be implemented – focusing on removing barriers to growth – using professional and business services as an example.

This report does not look at issues as to how we should respond to the current recession. Promoting long term growth is about how we expand the potential of the economy, whereas recovering from recession is about how we ensure that the economy runs at its current potential. That is important but cannot be allowed to crowd out important long term policies.

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