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Mihir Sharma: The British PM's proposals to unlock economic growth in the country could end up as a recipe for decline

This article critically analyzes UK PM Andy Burnham’s economic theory, combining statism and localism. The author deems it flawed and unlikely to boost GDP. State control, despite popularity, fosters inefficiency and unproductiveness, costing the UK billions. Burnham’s devolution plans empower local authorities to obstruct vital investments, as seen with the Heathrow runway. The author argues Burnham overlooks crucial private sector concerns: red tape, high borrowing costs, and inadequate infrastructure. The piece urges Burnham to question his economic instincts and address these fundamental issues for genuine growth, rather than his insufficient strategy.

LiveMint · mint · Oct 5, 2026 at 9:31 AM

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