Michael McMahon's picture
Affiliation: 
University of Oxford
Credentials: 
Professor of Economics

Voting history

Levelling Up Productivity Gaps in the UK

Question 2: Which policies could best help reduce regional productivity disparities?

Answer:
Investment in skill development and education
Confidence level:
Confident

Question 1: What is the primary factor driving regional productivity disparities in the UK?

Answer:
Other or no opinion
Confidence level:
Not confident
Comment:
I think all these factors likely play a role with different areas having different rankings of the causes.

Prospects for UK Economic Growth

Question 2: What is the most important contribution economic policymakers can make growth in the UK over the next decade? 

Answer:
Raising public investment (in physical and human capital)
Confidence level:
Very confident
Comment:
Public investment has been low for a long time since the post-GFC period of austerity. Addressing this deficit requires a great of investment in infrastructure and public services that would help improve the lives of ordinary people and raise productivity.

Question 1: How do you see prospects for future (per capita) GDP growth in the UK in the next decade?

Answer:
Low growth because of UK-specific structural challenges
Confidence level:
Confident
Comment:
I also see some worldwide factors, but I think the UK specific ones dominate.

The Impact of the Russian Invasion of Ukraine on the UK Economy

Question 2: Relative to the public spending plans at the beginning of the year, the UK government should respond by:

Answer:
Increasing public spending in real terms
Confidence level:
Confident

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