In the News
Structural weaknesses continue to haunt UK economy
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
9th July 2017
According to Larry Elliot writing in the Observer, the British economy needs to take a long hard look at itself and consider again how best to tackle a raft of structural weaknesses.
"The same old problems keep surfacing: too small an industrial base; too much debt; too great a geographical divide between the rich south and the rest of the country; too many poorly paid low-productivity jobs."
Chris Giles links to the FT and a suggestion that a form of quantitative easing might be used to help fund long term investment in social care.
After Labour toyed with people's QE, it's the Tories' turn to think there must be a magic solution in BoE thingys https://t.co/PbF1EpjmV7
— Chris Giles (@ChrisGiles_) July 8, 2017
And signs too that UK firms are taking advantage of the weaker £ to increase profits rather than expand sales and grow their market share overseas.
You do have to wonder if our exporters want more market share as £ falls, or just more profit in the short term. https://t.co/JlxbNEMeqp
— Chris Giles (@ChrisGiles_) July 7, 2017
Linda Yueh points to new research on the scale of the NEETS problem across the advanced economies. Youths aged 15-29 who were not in education, employment, or training (NEETS) was, on average, 15% of the age group in OECD countries
Youths aged 15-29 who were not in education, employment, or training (NEETS) was, on average, 15% in OECD countries https://t.co/NF5MgnmhjV
— Linda Yueh (@lindayueh) July 8, 2017
Over at the Independent, Ben Chu asks whether fiscal austerity in the UK is really over?
Is austerity really over? And if so, what is its legacy? Watch my @Independent video explainer here: https://t.co/QcWfmw5VOF
— Ben Chu (@BenChu_) July 6, 2017
An alternative way of looking at the productivity gap!
German workers could take Friday off and still produce more than UK workers in a whole week https://t.co/cY5ajgikXK
— Indy Business (@TheIndyBusiness) July 11, 2017
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