Figure 1 Growth for UK and other countries during and since the ‘great globalisation’ (1995–2008)
Source: World Bank (figures are constant prices, per capita and at PPP)
1 Discuss the factors that may explain the UK’s exceptional relative decline since 2008.
2 Some politicians believe that tax cuts and cuts in government spending are the path to faster growth for the UK economy. To what extent does Figure 2 confirm or contradict that view?
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