BBCNEWS Newsnight November 22, 2017
Is like an awkward date you wait for them to show up at the restaurant, after ten years you decide they are probably not coming. The obr has assumed at each of the last 16 fiscal events that productivity growth would return to its pre crisis trend of about 2 a year, but it has remained stubbornly flat. So today they revise down the outlook for productivity growth, business investment, and gdp growth across the forecast period. That line was more important than Everything Else in the speech combined. But a Second Striking feature of this budget concerns public spending and austerity. After the ...