“The rise and fall of new labour?” may sound like a political blockbuster tracking the fortunes of one of the UK’s largest political parties. But it actually describes one of the most significant economic developments over the last decade – inward migration. Continue reading
Underneath the Spending Review headlines was an old, but very important assumption – the UK gets more productive, and fast. Higher productivity means higher wages and thus tax receipts. There are signs of improvement but productivity has fallen short of expectations in recent years. (And Northern Ireland continues to lag the rest of the UK.) Will this time be different?