Britain needs a detox
Christopher Snowdon
The Times
There were fears that the 2020 furlough scheme would “prop up firms on the brink of bankruptcy”, and “so it did”, says Christopher Snowdon. Think tank Onward finds that 1%-4% of firms became “zombified” by August. But even pre-Covid-19, nearly 20% of firms were in this position. The prevalence of zombies partly explains why the UK has “suffered from low productivity and weak economic growth for so long”. Thirteen years of ultra-low
