Productivity is fine. Let’s count and tax it better

Peter Kellner  |  4 December 2017

Non-financial productivity gains need measuring through ‘gross domestic utility’, not gross domestic product, otherwise public services and social justice will suffer, argues Peter Kellner Something weird is going on. We need to do some delving to get to the bottom of it, but its impact on our living standards, government finances, public services – indeed the future of …

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Solving Britain’s productivity crisis

Chris Carter  |  22 March 2017

A high-efficiency, high-wage economy is needed to take on the economic challenges our country faces post-Brexit, writes Chris Carter It is always a challenge getting people interested in inflation figures. The collective eye-glazing of new economic statistics are palpable for any writer or armchair economist’s audience. Yet it is with this in mind the latest inflation figures are perhaps …

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Budget 2017: 20 Tory failures

Alison McGovern MP  |  8 March 2017

From abandoning their deficit targets to slashing funding for education, it is clear the Tories are failing on their own terms, argues Progress chair Alison McGovern MP Debt The Tories have delayed their target on debt three times since 2010 Background: Their original target (2011) was to have debt falling by 2015-16. Then in 2014 that was …

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Future Proof: Britain in the 2020s

Mathew Lawrence  |  5 January 2017

Progressives must be the architects of a better future, writes Mathew Lawrence Given the year just gone, to say the centre-left is in crisis is a truism bordering on a banality. What is now required from progressives is less handwringing and premature autopsies on their fate, and more effort to get to grips with the …

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The winds of change are shifting

Ben West  |  16 August 2016

In the final six months before 2010’s general election, something strange happened. Amid the global recession, the Labour government had intervened heroically to keep the economy afloat, spending whatever was necessary to stabilise the banks and to maintain consumer confidence and employment, investment and spending. Barely a week would go by without new investment – …

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Crowd on the Underground

The Productivity Plan – short on measurability

Peter Kyle MP  |  5 February 2016

The business, innovation and skills select committee, which I sit on, has just published its report into George Osborne’s much-hyped Productivity Plan which he unveiled last summer. Unfortunately like so many of the chancellor’s grand announcements, once you look at it in more detail, you find it does not really add up … When I …

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An economy of purpose and resilience

Stephen Kinnock MP  |  6 November 2015

Until we win the war of ideas, the policies will fail Labour’s recent travails over the fiscal charter were a ‘Groundhog Day’ moment. Back in July we fell right into George Osborne’s traps around the welfare bill; fast-forward three months and there we were again, disappearing down another hole that had been dug by the chancellor, …

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The mantle of credibility

Kitty Ussher  |  29 October 2015

Trust in Labour on the economy was hard won, deserved, then needlessly lost, suggests Kitty Ussher The Blair government won office after 18 years in opposition. Unlike its predecessor Labour governments, it was not met by a dip in the stock exchange but instead heralded a decade of continuous growth. The government set to work …

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How can we boost productivity to benefit working people?

Mathewe Bennett  |  20 October 2015

The last of the Progress debates, the productivity discussion was also one of the liveliest, and personally most enjoyable debates across the three days. In her opening statement, Nita Clarke introduced the topic as ‘the most important issue of our time’, a bold statement, but not without merit – low productivity is one of the …

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Make or break

Theo Blackwell  |  15 February 2015

An estimated 35 per cent of jobs in the United Kingdom are at risk of being automated over the next 20 years. The effects of the digital revolution can already be felt in manufacturing, retail, in public services and the creative industries. Online-only services for government, new services like Uber, streaming content through Spotify or …

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