How to grow the economy without causing another financial crisis
Tue, Feb 28th 2023 at 1:00 pm - 2:00 pm
Speaker: Charles Read .... Speaker Host - Jenny Chapman -Hay ... Cashier - John Grieve .....Reception - Colette Auton
Since the global financial crisis of 2008, the motor of British economic growth has stalled. If the pre-crisis trend rate of growth had continued over the past 15 years, the British economy would be 20%-25% larger than it actually is today. The government of Liz Truss tried to kickstart economic growth with a "pro-growth" mini budget last autumn but instead pushed the financial system to less than 24 hours from another crisis. So why has economic growth been so slow? How did the mini budget push Britain to less than 24 hours from financial crisis? This talk will answer all of these questions and more.
Charles Read is a post-doctoral Fellow in the Cambridge University Faculty of History and an affiliated lecturer in the Faculty of Economics. His research examines the political economy of financial crises and famines in Great Britain, Ireland and the British Empire in the 19th, 20th and 21st centuries. He is an expert on the relationship between economic policy and financial stability in Britain and Ireland over the past two centuries.
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