Feature article: Economic growth: Cry me a river
The UK press and politicians are fixated on growth.
The Labour Government came into office 12 months ago promising a new dawn. Its top priority was growth. Its manifesto, “Labour Party Manifesto 2024: Our plan to change Britain” devoted an entire chapter to “Kickstart economic growth”.
In this article, we cover:
► Why growth is important
► The downside of growth
► What do politicians and markets mean by growth?
► Is growth in aggregate GDP the right measure to focus on?
► Mistaking current spending for investment in growth
► Critical elements needed for growth
► The UK’s recent track record
► What can be done to boost growth?

31 Jul 2025
Hardman & Co Monthly: August 2025

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Hardman & Co Monthly: August 2025
Volta Finance Limited (VTA:LON), 682 | Real Estate Credit Investments Limited (RECI:LON), 125 | NB Private Equity Partners Limited Class A (NBPE:LON), 1,492 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,512 | Arbuthnot Banking Group PLC (ARBB:LON), 895 | accesso Technology Group Plc (ACSO:LON), 386
- Published:
31 Jul 2025 -
Author:
Mark Thomas | Keith Hiscock | Richard Jeans -
Pages:
18 -
Feature article: Economic growth: Cry me a river
The UK press and politicians are fixated on growth.
The Labour Government came into office 12 months ago promising a new dawn. Its top priority was growth. Its manifesto, “Labour Party Manifesto 2024: Our plan to change Britain” devoted an entire chapter to “Kickstart economic growth”.
In this article, we cover:
► Why growth is important
► The downside of growth
► What do politicians and markets mean by growth?
► Is growth in aggregate GDP the right measure to focus on?
► Mistaking current spending for investment in growth
► Critical elements needed for growth
► The UK’s recent track record
► What can be done to boost growth?