We must wait for the general election to find out the real economic plans of the next administration. The main parties will publish their manifestos, but these will be focussed on winning votes and largely concealing the hard truths about what lies ahead. Whatever their hopes, the weak economic position of the UK, and the cost-of-living crisis, will act as big constraints on their actions.

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The coming general election will deliver a new administration with a new mandate. Both the main parties agree on the need for urgent changes to spur economic growth. We have not yet seen the party manifestos but assume they will not agree on how growth should be achieved, nor on how its benefits should be shared.

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