Source: Cobden Centre
by Elias Sanchez
“The United Kingdom’s economic deceleration is conventionally attributed to fiscal consolidation, anaemic productivity growth, and the supply-side dislocations that followed Russia’s invasion of Ukraine. These are real constraints. But treating them as primary causes rather than downstream symptoms is a misdiagnosis — and an increasingly costly one. The deeper pathology is regulatory density: an accumulated architecture of formal constraints that suppresses entrepreneurial discovery, crowds out new entrants, and reduces the adaptive capacity of institutions.” (04/21/26)