Tuesday, 18 November 2025

Investment and uncertainty

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 Uncertainty holds back business investment: see Brexit for example.  The N ovember Bank of England Monetary Policy Report , p.20, shows thi...
Friday, 14 November 2025

What has happened to NHS capital per worker?

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 1. a New report " From Diagnosis to Delivery " by Allas et al has, on p.45 some information. 2. The figure is a figure relative t...
Thursday, 23 October 2025

The locus of R&D is moving to the information and software industries

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 From the technical appendix to Draghi report, p.234.
Tuesday, 21 October 2025

Tariff engineering

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 Fascinating work by Flannen et al, here . Who Pays for Tariffs Along the Supply Chain? Evidence from European Wine Tariffs?  "We explo...
Saturday, 18 October 2025

The IFS "Green" or Shadow Budget

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 I'm asked to discuss the IFS Green budget (this means their budget analysis, nothing to do with the environment specifically). Here is ...
Wednesday, 15 October 2025

UK productivity growth history since 1997

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 A very useful graph from the Resolution Foundation that I hope they don't mind my posting 

The latest IMF World Economic Outlook

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 1. Launched in Washington on 14th October 2025 .  2. Some highlights that caught my eye 3. First, the growth projections a. they are revise...
Tuesday, 14 October 2025

What would the UK have to do to raise our growth rate to that in the US?

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 1.  UK labour productivity growth is about 0.3%pa, 2019-2024. US labour productivity growth is at least 1 percentage point higher over a si...
Friday, 10 October 2025

UK TFP relative to other countries

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 1. The Fernald/Inklaar pape r is important.  It argues that the UK TFP levels problem not in manufacturing or market services.  It is  mini...
Thursday, 9 October 2025

Is Britain an low investment country?

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1.   Giles Wilkes shows this graph, drawn in turn from OECD via ONS for total investment as a share of GDP.  The UK is resoundingly at the ...