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Britain: one nation, multiple recessions, Chunomics

Britain: one nation, multiple recessions

London, which accounted for 22 per cent of output in 2008, contributed just 1 per cent of the total decline of GVA over the four years to 2012. Yorkshire & Humber, by contrast, accounted for just 7 per cent of output in 2008, but contributed 16 per cent to the overall decline.

By | Chunomics, Eagle Eye | Monday, 17 February 2014 at 4:27 pm

Have wages really decoupled from growth?, Chunomics

Have wages really decoupled from growth?

It’s an important debate because if decoupling has occurred that implies something has gone seriously wrong with our economy and policymakers should take some sort of corrective action. On the other hand, if there has been no decoupling one would expect workers’ pay to bounce back with the return to growth and no such radical action is necessary.

By | Chunomics, Eagle Eye | Wednesday, 4 December 2013 at 1:42 pm

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