It is a cliche of the policy-commentariat to point, laughing, at the number of Growth Plans to have sprung from the Government this century, and how badly correleated this is to success at their subject matter. The 2000s had the Five Drivers of Productivity (discussed here) – Investment, Skills, Innovation, Enterprise, and Competition. In 2010Continue reading "Why *should* growth be any better under Labour?"| Freethinking Economist
A long while ago I found myself in a lecture theatre listening to a speaker arguing that lowering drug prices was a foolish policy objective. When it comes to industrial strategy, what companies need are high margins! After all, this is how you get a high quantity of gross value added, and accumulating GVA isContinue reading "Innovation, Competition, and Pitfalls of the Sector method"| Freethinking Economist
In Downing Street, I was once lobbied to support a £200m per annum cut to beer duty, because it was “the best growth policy I could ask for”. You see, that £200m would go into drinkers&…| Freethinking Economist
One of the natural reactions to learning that Labour has a mission to grow the economy is to sneer. Every government wants to grow the economy! Most Budgets announce themselves as being a Budget fo…| Freethinking Economist
