We use cookies to track usage and preferences. See Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
Christmas Presents
   You are currently viewing the Australia version of the site.
Would you like to switch to your local site?
Digital Subscriptions > Argyllshire Advertiser > 1st Deccember 2017 > Letters


Economy behind other countries


Councillor Alastair Redman really should have waited until after the budget before waxing lyrical about growth in the economy (The Argyllshire Advertiser letters page, November 24), or it may be that he just disagrees with the chancellor.

Growth in the economy is shrinking year on year – growth of GDP and productivity are both down. The government’s independent forecaster has downgraded annual productivity growth from 1.7 per cent to one per cent and has said ‘the UK is now growing more slowly than all advanced economies’ and ‘is well behind all the other G7 countries’.

Average wages are expected to be lower by £1,400 in 2021 than forecast in 2016 – that is lower in real terms than at the time of the 2008 crash which means, according to the director of the Institute for Fiscal Studies, ‘we are in danger of losing not just one but getting on for two decades of earnings growth’.

Purchase options below
Find the complete article and many more in this issue of Argyllshire Advertiser - 1st Deccember 2017
If you own the issue, Login to read the full article now.
Single Issue - 1st Deccember 2017
Or 149 points
Annual Digital Subscription
Only $ 1.02 per issue
Or 5299 points
6 Month Digital Subscription
Only $ 1.08 per issue
Or 2799 points

View Issues

About Argyllshire Advertiser

Local news, sport and leisure

Other Articles in this Issue

Ways to Pay Pocketmags Payment Types
At Pocketmags you get Secure Billing Great Offers HTML Reader Gifting options Loyalty Points