Yes, but specifically on investment, don't forget that it doesn't matter by itself - it's an input not an output. It is undertaken to raise productivity and hence GDP. What matters is … (View Post)

That's not quite what I argue. I would say there's no detectable effect on labour productivity, and the reason we're not experiencing a catchup effect on investment is because of much … (View Post)

A very British form of euthanasia for the Bill perhaps - not a lethal injection, but a bunch of has-been windbags boring it to death. (View Post)

- the intuitive feeling that the 8% figure was a wild overestimate (though I was willing to be convinced otherwise) - irritation that it was taken so seriously by so many people obviously who wanted … (View Post)

I apologise for the inordinate length of this piece - those with time on their hands should probably skip to the conclusion. The final part to this series will be finished on Saturday. (View Post)