Earlier this week a Nobel prize winning economist warned that unless the UK is able to improve its productivity performance, George Osborne’s 'national living wage' policy will end in failure. Sir Christoper Pissarides was right to intervene.
Boosting productivity is the...
New technology is disrupting established industries at a breakneck pace. Just think of the effect of internet banking on employment in the financial sector; the likely effect of driverless cars on the automotive sector; of social media on taxi services;...
Earlier this week, as the latest set of ONS employment data led ministers to proclaim the long-awaited return of real wages growth, the Financial Times noted that “not everything about working in the UK is rosy. More people than ever...
Tony Blair portrayed himself as a non-ideological, pragmatic leader whose mantra was that he supported ‘what worked’. Unfortunately this wasn’t true.
During the debate on the privatisation of air traffic control he told me, in a private meeting, that however strong...
Last month I met up with author Ian Fraser to discuss his must-read new book Shredded – Inside RBS, the Bank that Broke Britain.
Shredded, which documents the rise and fall of RBS, is a gripping story that every British taxpayer...
The UK reached a significant macroeconomic anniversary at the end of last year: the country's consecutive deficit on the current account turned 30 years old. Once was the time when ‘balance of payments’ issues of this kind mattered politically. But...
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