Emeritus Prof Christopher May's Post

Trying to improve the UK's productivity includes a central dilemma for Labour (or any Govt.):

The quick fix is to invest in London & the SE where relatively high productivity which can be (relatively) easily enhanced;

But, in the long-term radical/extensive investment in the rest of the country might offer great gains (from a low base) but would take years to come good.

The former consolidates inequality, while the latter won't have effect before an election.

#productivity #politics
h/t FT

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Simon Johnson

2 days ago

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@ChrisMayLA6 one of the many reasons why making “the highest growth in the G7” and rocket-boosting productivity as the sine qua non of government policy so utterly brainless

That this is all underwritten by their continued unshakable adherence to the fantasy that “wealth-creators” drive universal prosperity so refusing to address obscene excess wealth and inequality, the principle failings of 🇬🇧 economy, just makes the roll-out of the red carpet for the far right a certainty IMO

#ukpol