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Productivity is Britain’s biggest problem

All the parties have failed to address the UK's dismal productivity. Here's what they should do.

By Anatole Kaletsky  

A British sugar factory in York. © Ken Crosby

What is this election really about? “The economy, stupid.” Bill Clinton’s famous answer about what motivated voters in the United States in 1992 rings equally true for Britain in 2015. Yet when it comes to specific economic policies, the key differences between the parties can be reduced to meaningless long-range deficit projections or to relatively trivial issues such as mansion taxes and small tweaks to labour and banking legislation that could not conceivably…

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