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Economic Performance Under Labour

Published online by Cambridge University Press:  26 March 2020

Iana Liadze  and
Martin Weale
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Abstract

This article compares the performance of the UK economy since 1997 with that between 1979 and 1997 and with the performance of the other G7 economies in both periods. It concludes that Britain has done relatively well in terms of productivity growth, economic growth and national income per head but not very well in terms of labour market performance. Savings rates were too low to deliver sustainable economic growth over the period 1979–97 and there has been very little improvement since then. The performance of the economy during the recession and its immediate aftermath has been disappointing relative to the other G7 economies.

Keywords

Economic growthnational incomelabour marketsustainabilityrecessionE20E32
Type
Research Articles
Information
National Institute Economic Review , Volume 212 , April 2010 , pp. R2 - R14
Copyright
Copyright © 2010 National Institute of Economic and Social Research

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