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Productivity slump poses problem
pqrdef
Posts: 4,552 Forumite
Not enough bankrupt firms and job losses, apparently. More spending cuts may be needed.
http://uk.news.yahoo.com/analysis-productivity-slump-poses-problem-bank-government-130123289.html
http://uk.news.yahoo.com/analysis-productivity-slump-poses-problem-bank-government-130123289.html
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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Or shows the over reliance on financial services and property in the past decade. Why invest in real wealth creation when house prices were spiralling upwards. Now the dust is settling the landscape doesn't look so rosy.
All that's left is a mountain of debt. This hardly gets mentioned yet is potentially a major problem.0
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