UK Economy: Productivity vs Growth
Editors note: I first compiled this blog in late 2022 in the aftermath of the ignominious fall of 'Trussonomics' and before the advent of AI. Many of the ideas are still very relevant today, so a revisit with recent developments in mind at a time when AI is really starting to affect our workplaces is probably appropriate.... Introduction This has been a momentous couple of months all told, with more than the usual quota of economic and political U-turns, a new war in the middle east, and probably more to come that we don't yet know about. The ‘new’ Labour regime’s primary task after taking office in 2024, was to act on their manifesto promise of 'restoring some sense of stability' and preventing the economic meltdown which they claim beckoned…. Did this actually happen ? I'll let the reader answer that particular question themselves...and give their verdict on it at the ballot box in May (if called to do so this year!). But whatever regime is in charge, w...
