Is the productivity puzzle the chancellor's biggest problem?

Is the productivity puzzle the chancellor's biggest problem?
 

At this Wednesday's Budget, the man whose pronouncements will be most carefully watched may not, for once, be the Chancellor of the Exchequer, Philip Hammond.
Instead it will be the former journalist, economist and now director of the Office for Budget Responsibility (OBR), Robert Chote.
Why? Because it's down to him to arrive at a new, much more realistic view of a long, drawn-out economic calamity whose impact the government is only now accepting in full: a decade of flat productivity.
Until 10 years ago, productivity was the motor that drove economic growth. Its definition is nothing... read more

 
21 November 2017 in Business, Views: 136
Source: BBC
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