MPs often bemoan the lack of “productivity” in the UK, but it could be a good thing while we are working out the terms of Brexit.
Productivity is the amount of work done divided between the number of workers doing it. In other words, if productivity improves but the economy as a whole doesn’t grow, that means the same output by fewer jobs.
With national economic growth low and the details of Brexit yet to be confirmed, MPs should be more comfortable with our low productivity. For MPs on the right, it avoids the risk of the long dole queues we saw in the 1980s. For MPs on the left, low productivity is the most efficient way of redistributing wealth and creating jobs going.