Could Ernie replace Andy? The Bank’s take on automation

The Chief Economist of the Bank of England, Andy Haldane, has been in the news with his predictions that up to 15 million jobs in the UK are at risk of being lost to automation. This is a huge number, around half the total number of people in work today. Haldane injected a note of […]

Do short-term governments affect the UK’s productivity?

Since the economic crisis labour productivity growth in the UK has been very poor. The Bank of England estimate that output per hour (productivity) is 16% lower than it should be given pre recession trends. With output recovering and high levels of employment, many argue that the so-called ‘productivity puzzle’ is the reason behind lagging […]