UK's political elite lost touch with public

26 June 2016 - 02:00
By Ron Derby

For a while, the world's leading central bank governors orchestrated the shape not only of global markets, but the health of its economy in the aftermath of the financial crisis, their answer in the main being stimulus. In their defence, this always came with a terse reminder that true and longer-term solutions to resuscitating global growth lay not in monetary policy, but in fiscal and structural adjustments, or, plainly, in the hands of politicians.

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