Levelling Up Productivity Gaps in the UK
Friday, July 1, 2022
Summary
Friday, July 1, 2022
Summary
Monday, May 30, 2022
Summary
The CfM-CEPR panel of experts on the UK economy is nearly unanimous that UK income growth will be low in the upcoming decade. The majority believe that this will be due to structural factors. The most effective policies to improve UK economic performance are raising public investment and improving trade relations with the EU and other trading partners, according to the panel.
Background
Sunday, May 1, 2022
Summary
Friday, April 1, 2022
Friday, April 1, 2022
Summary
The CfM panel of experts on the UK economy is nearly unanimous that the current surge in UK inflation has been caused by supply side factors. These are mainly global in nature (commodity prices, supply chain disruptions), although Brexit may have exacerbated the problem. The global nature of inflation puts it mostly outside of the government’s control. The majority of the panel doesn’t believe that inflation will persist beyond 2022.
Background
Wednesday, December 1, 2021
Summary
The CfM panel of experts on the UK economy is nearly unanimous that the main path to sustainably higher wages is through long-term productivity growth. More than half of the panel believes that there are some scenarios in which higher wages lead to higher productivity and a minority thinks that government intervention in wages could lead to higher productivity. However, even this minority argues that policies supporting higher wages should be complemented with investments in skills and other productivity-enhancing measures.