The latest official data are perhaps not as bad as some headlines suggest, but they do confirm that the UK economy made a poor start to 2025. First, the raw numbers. Monthly GDP fell by 0.1% in January, against the consensus forecast of a 0.1% rise, led by a 0.9% fall in the production sector … Continue reading UK economy on a knife edge
Tag: business
The real ‘black hole’ is in public sector productivity
The Nobel Prize-winning economist, Paul Krugman, once famously said that “productivity isn’t everything, but in the long run it is almost everything”. If so, the UK has a huge problem – and that problem is particularly acute in the public sector. Official estimates released last week suggest that public service productivity was an astonishing 8.5 … Continue reading The real ‘black hole’ is in public sector productivity
Plain-speaking Economics 