Monthly Archives: April 2016

Are we prepared for a low growth world?

Duncan Weldon declared himself a productivity pessimist earlier this week: Productivity – the amount of output produced for each hour worked – rose at a fairly steady annual rate of about 2.2% in the UK for decades before the recession. … Continue reading

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Brexit is a one-way door

In his annual letter to shareholders, published earlier this month, Amazon CEO Jeff Bezos said this about decision-making: Some decisions are consequential and irreversible or nearly irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, … Continue reading

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Fishing for red herrings

When it comes to the Brexit debate, employment law isn’t really that big a deal. But as Sarah O’Connor says, both sides are trying to make it into one: Some in favour of Britain leaving the EU, such as Patrick Minford, economics professor at … Continue reading

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Current account deficit rains on George Osborne’s parade

The chancellor made the most of yesterday’s news that GDP growth for the last quarter of 2015 was slightly higher than expected and the UK’s post-recession growth has now overtaken the average for the G7. He said: Today’s figures confirm that Britain remains … Continue reading

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