The next chancellor should reject the logic behind today’s warning from the FT’s Chris Giles that weak productivity would mean ‘harsher austerity’

In a column in today’s Financial Times (‘What the next chancellor does not yet know’), Chris Giles sets the economic tone for the next Parliament in part on the basis of yet unknown productivity outcomes.  For Giles, as for many others, productivity is an inherent quality or defect of the economy…Read more…