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Why Is Britain Poor?
‘Foundations’ offers a diagnosis and maybe a cure
This continued into the 1930s, when ‘cities like Birmingham, Coventry, London, Leicester, and Nottingham expanded at breakneck pace as the link with raw materials was broken, and jobs shifted to offices and factories in the South and Midlands.’ Although the Elizabeth Line is still economically viable, ‘if construction costs were more moderate, dozens of other rail schemes would be good value for money too.’ For similar reasons, Britain also lags behind in electrification, not just compared to Italy, Germany or France, but even India. It gives us freedom to pursue our other national goals: caring for older and less fortunate members of society, upholding a law-governed international order, preserving and enhancing our landscapes and townscapes, and leading the way in world-changing scientific research.’
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