This year’s Budget will go down as the one that brought an official end to austerity. Although some tax increases from earlier periods have still to work their way through the system, spending increases will mean a return to pre-austerity levels in the next couple of years. Indeed, Robert Chote, the outgoing head of the …
Productivity: the UK’s biggest economic challenge?
Latest figures show that UK productivity fell back in Q1 to the levels previously seen prior to the financial crisis in 2008. Quite frankly, it’s shocking to see that productivity hasn’t grown at all in almost a decade, and that we’re actually producing a bit less now per hour than we did then. The broad …
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