Liz Truss, Britain's shortest-serving prime minister, has suggested that her mini-budget may have paid off in the long term, as her newly-convened taskforce warned that the UK risks falling behind other nations unless it tackles stagnation.
During the launch of the Growth Commission, the former PM likened sluggish growth in recent years to a "boiling a frog situation." When asked about her own economic approach, she responded, "It's a long game." Members of the taskforce made grim predictions, emphasising the need for the UK to harness the opportunities presented by artificial intelligence and other technological advances.
US economist Tyler Cowen warned that living standards in Poland could surpass those of Britain within a decade unless the UK economy is boosted.
Truss, who plays no formal role in the commission beyond convening it, expressed her concerns about the situation, stating, "We've been through a boiling a frog situation...
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