Implementation is one thing, but where is the plan? Just as one swallow doesn’t make a summer, a few ad hoc policies don’t constitute a plan. The focus of the reshuffle has been putting into practice existing policies. The government has even announced that it is setting up a Growth Implementation Committee, as part of this focus. This is a start but it is not enough.
So far the economic strategy of the government has been to announce minor spending cuts and fairly substantial tax rises. They have implemented most of the tax rises and a few of the cuts. They have talked a lot about deregulation, but have struggled to make it happen.
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