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What The UK’s Low Productivity Is Really Telling Us
This, I would argue, is one of the scariest charts in the world today. The green line is output per hour worked, and the dotted green line is the pre-crisis trend: It’s what the Bank of England calls...
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Deflation is Here — And The Government is Poised to Make it Worse
Consumer prices may not be deflating as quickly as Labour’s electoral chances did earlier this month, but — even after £300 billion of quantitative easing — price deflation for the first time in more...
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