emerty

Which way is the wind blowing?

https://sub.rehab

Inflation Reduction Act

Two policies spring to mind:

Abolishing the House of Lords

GB Energy

Edit. Actually 3, https://labour.org.uk/stronger-together/britain-2030/green-and-digital-future/

Bidenomics might not be a US vote winner, but fiscal stimulus via the IRA is a solid economic idea

Finish it tomorrow

There's high on meth, and then there's this guy

Problem is he's lost so much money by being a bad hedge fund manager that the two times his gambles have paid off are massively outweighed by his years of losses

It's a close tie between him and the haunted pencil Rees Mogg for the worst fund manager of the century

The RDG said ticket office staff would move on to station platforms and concourses in “new and engaging roles”.

Sounds like preparation for being homeless

I'm still waiting for the Abba party one

GDP growth was similar in the twentieth century and the nineteenth, averaging 2.1 per cent in both cases. Higher productivity growth in the twentieth century therefore is associated with weaker growth of total hours worked, due to a combination of weaker employment growth and falling average hours

You don't understand your own link, 🤡

Yeah, sounds unlikely doesn't it?

But that's what the forecast says. 4% of productivity lost over the long term of 15 years due to loss of comparative advantage

https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis

But the forecast is for the cost, no benefit is included.

The loss of comparative advantage is replaced, I'd argue, with competitive advantage which has a much stronger effect. The UK is no longer bound by the anti science regulations on genetic engineering and the new overly restrictive proposed regulations on AI

GDP per capita is a ratio of GDP / population, so if you do more with fewer people, by using automation, robots and AI, your GDP per capita will grow...

The 4% figure over 15 years is a difference of 0.29% to 0.27% productivity growth. Government policy has at least that 0.02% effect

I predict a Starmer govt will be able to introduce policy that will offset the productivity loss just by investing in renewable energy, let alone any research universities' innovations.