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In common with other industrialised countries, the UK has experienced the triple problems of low economic growth, high inflation and high unemployment to a marked extent in recent years. While there has been widespread debate — amongst politicians and economists, as well as businessmen and management consultants — about the reasons for these problems and the policies required to overcome, or at least to alleviate, them, there is little sign that we are getting any closer to a consensus of view as to either the causes of, or cure for, our fundamental economic problems.

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