Apparently, the move was demanded by the Treasury to supposedly support UK competitiveness. It cannot, of course, do that because this is a measure solely focused on domestic markets,
How internationally competitive British businesses are depends upon the structure of the British economy, financing system and so on. It’s that domestic economy that defines the comparison with the international….
The fact that our economy has been wrecked by a toxic combination of Socialism/Marxism/Green doesn’t occur to the Sage of Ely.
Grist
I would say even one admission of such a fact (which is unarguable of course) from him would lead to the collapse of his entire worldview!!
I’m conflicted because there is no doubt in my mind that HM Treasury is staffed by morons, but it is also the case that Murphy cannot be right.
The compeitiveness of British industry is affected by the quality (or lack of it) in their supply chain. Therefore Murphy is wrong, of course, and HM Treasury is correct. “Interested” can relax since it is possible for HM Treasury to be right by accident.