On the first day of 2016 trading the FTSE 500 index nosedived. This surprised perennially optimistic business commentators, but will not surprise those who read the EREP review of the UK economy in 2015. Read part two here.
Thus, the ultra-flexible UK labour market (“with employers in the driving seat”, in the government’s own charming words) – to be enhanced by the repressive new Trade Union Act – has had the effect of causing productivity to fall. Read part one here.
