From copycats to innovators: China braces for dominance as West turns into sitting ducks

From copycats to innovators: China braces for dominance as West turns into sitting ducks

Britain’s productivity growth is paltry; the cost of borrowing is too high; and voters are unhappy. In response, the budget, presented on November 26, 2025, by Rachel Reeves, the Chancellor of the Exchequer, should have been a moment of radicalism.

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