City Of London
Britain Is Near Bottom of the Heap for Economic Growth Potential
- Former BOE official says dip explains high UK tax burden
- Labor shortages behind steep collapse in growth ‘speed limit’
East London.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
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Britain’s growth potential has fallen behind every large economy except Mexico due to collapsing productivity and severe labor market shortages, according to former Bank of England rate-setter Michael Saunders.