The British economy is on shaky ground. Productivity has flatlined, growth is stalling, and the government’s fiscal plans may be about to unravel.
For decades, Britain’s productivity grew at around 2% a year enabling higher wages, higher living standards, and more money for public services. But since the financial crisis productivity has barely grown. This is where the economy could have been if the post-war trend growth had been maintained.
0:00 Productivity
1:28 GDP
2:14 Productivity Downgrade
4:36 Bond Market
5:22 Any Escape?
7:31 Tax
9:01 Good News
Credit to : Economics Help