The Budget, older workers and productivity
Yesterday’s Budget was controversial, as much for what it left out as for what it gave away. The NHS, care and housing had all queued up and were left wanting more. But probably the biggest problem issue of the Budget came from the problem of flat-lining productivity. Do older workers have a contribution to make here? Flat-lining productivity The Budget Statement states that ‘The Office for Budget Responsibility (OBR) now expects to see slower GDP growth over the forecast period, mainly reflecting a change in its forecast for productivity growth. It has revised down its forecast for GDP growth by 0.5 percentage points to...