Bank regulation, not austerity, explains why Britain is poorer than America

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Thanks to the last sixteen years, the UK would be the poorest US state https://www.cityam.com/wp-content/uploads/2026/07/GettyImages-1424042833.jpg?w=1310" />

When it comes to Britain’s stagnant growth, we must first diagnose the root cause.

That starts in the City, writes Daniel Freeman Britain has never really recovered from the Great Financial Crisis, and we will soon be entering our third lost decade of economic growth.

Before 2008, the UK and US economies grew at an almost identical rate.

Per https://www.cityam.com/bank-regulation-not-austerity-explains-why-britain-is-poorer-than-america/">[...]

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