As I wrote in @Telegraph on Nov 1st 2024: "In order to turn this country’s economy around, it won’t be enough just to get rid of the ghastly Reeves. The whole failed edifice needs to be brought down. This requires wresting control of our economic institutions from opaque functionaries and ensuring that the power lies with elected government ministers who can be held to account, rather than figures such as the Bank of England Governor or the OBR bosses whose catastrophic decisions, multiple failures and flawed forecasts never seem to get called out. Until this happens and the groupthink that has failed us is consigned to history, the debt will pile up ever higher, the stagnation will continue and we run the risk of a 1970s-style economic crisis where the government will need a bailout to keep us afloat." It's still true. https://www.telegraph.co.uk/business/2025/08/23/rachel-reeves-britain-debt-bailout-1970s-imf-economy/(Liz Truss)