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Dr Fox prescribes the wrong medicine for UK economy

COMMENT: By all means stimulate exports, but not at the expense of efforts to attract investment that, by boosting productivity, makes us all better off

Dr Fox prescribes the wrong medicine for UK economy
Photo: Getty Images

Liam Fox may have been a great GP. He may even have been a good Defence Secretary. But he doesn’t seem to know much about trade. Which is a shame, given that he is now the Secretary of State for International Trade.

In his ill-judged comments about lazy business bosses who like playing golf but can't be bothered to export, Fox made a less obvious gaffe. "We've got to change from the cartographer's view of the world to the mercantilist view of the world," he said.

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