Britain’s productivity problem

Output and earnings growth have ground to a soggy halt. The British economy is stuck in the mud. Here’s why

Economics | Deleveraging and underinvestment

Forget the Falklands. British productivity is in the doldrums. For the last 15 years, the country's inflation-adjusted output per person has gone sideways when measured in US dollars. In fact, the country's gross domestic product (GDP) per person is still below its previous 2017 peak. On average, Brits produce…