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Further, I shall argue that the British economy has performed well against some serious cultural and structural constraints and should not be subjected to unduly negative analysis.
I shall look finally, and briefly at the performance of the service sector with regard to its contribution to, and correlation with, the aggregate and industrial growth in output and productivity, before concluding that the service sector was the major contributing factor to the UK falling behind it counterparts. Despite this, the relatively small amount by which the economy fell behind is indicative of the over-exaggeration of the problem of British decline...
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