The 2008 financial crisis highlighted the imbalanced nature of the economy. Now, finally, it seems we are truly starting to address that. A long overdue shift is underway from the the short-term thinking that has driven economic policy for far too long towards a longer-term strategy.
One key aspect of this is the international agenda and that will unfold in coming years. It includes a commitment to free trade and a likely clean Brexit. But time will tell. The other aspect is the domestic agenda, in which this Autumn Statement plays a key role alongside the new industrial strategy.
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