Britain's productivity puzzle
The Briefing Room
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The Key to Growth Is Low Taxes
We tend to work quite a lot in the u k. And that's one of the ways that we keep our income levels basically the same as france. They could become richer in us if they worked as many hours as we do. What can we say about a country like sweden? Well, i think sweden's really interesting. Over half of its economy is taxed away. So that is a lot. And they have a structure which is very flexible. You can be fired very easily in sweden, but equally, the state will step in and insure that you personally do not suffer very many hardships. That sort of innovation and productivity has been very successful for all of the n
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