A prominent economist just explained how a Labour government will boost Britain’s economy

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Written by : TIMOTHY J. WOODS

Economist and former Greek finance minister Yanis Varoufakis just explained why a Labour government could boost the British economy. Speaking to Business Insider, Varoufakis highlighted Labour’s focus on businesses that produce “real stuff” rather than so-called big business.

Unbalanced economy

The Global Entrepreneurship Index named Britain as the most entrepreneurial country in Europe in 2015. But it is a “stucturally unbalanced economy” and the productive base is too low, according to the Bank of England, the International Monetary Fund and even the government.

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