The UK is stuck in a political, economical and social cul de sac is there a way out?
The David McWilliams Podcast
00:00
Total Factor Productivity in the UK Has Fallen.
Growth rate masks something deeply problematic in the engine. Average annual productivity in London was 3.1%. That has fallen since 2007, 2008. And now to 0.02%. So when that happens, it means you're stuffing more people into an engine that is producing less. When that starts producing less, it produces less tax revenue.
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