Britain didn't lose its ambition. It regulated it away.
This Week's Briefing
Britain didn't lose its ambition, but it may have regulated it away.
Below are three well intentioned reforms that lead to three unintended collapses. We went back to see how a risk-free society became a growth-free one.
Worth a scroll.
Let us know what you think and catch this weeks episode here:
Key Takeaways
- A pension scandal in 1991 is why your pension isn't invested in Britain today
- After Grenfell, London stopped being able to build homes
The Bigger Picture
- The 2008 crash still shows up in small business loans today
- HS2 costs £600 million per mile. Japan managed £50 million.
Why it matters
“Every rule was built to prevent the last disaster. Together they're preventing growth.”