There are tough times ahead – but we're not going back to the future

richard steer BW

Rising costs and inflation are now inevitable but the economy is better placed to survive than it was in the 1970s, Richard Steer says

Over the past few months, I have been experiencing a strange sense of déjà vu. Perhaps it was the appointment of a new construction minister? After all, Lee Rowley has become the ninth government representative to take on the role in five years – and the 20th since 2001.

I hear that the departmental civil servants have stopped producing business cards for the hapless Mr Rowley, for fear that they will be out of date before he has had time to hand many of them out.

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