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Political leaders must set out credible plans to tackle the next downturn

The time for action on macroeconomic policy is now

By James Smith  

Photo: Alberto Pezzali/NurPhoto/PA Images

Okay, fair enough, there’s a lot going on right now. With a fraught election campaign in full flow, and our future relationship with the EU still up in the air, you can be forgiven for taking your eye off preparations for the next recession. But boom and bust hasn’t gone away. So while the sun isn’t exactly shining, our political leaders shouldn’t forget about fixing the roof.

Recessions are a time…

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