[Re: The recovery is being driven by a revolution in the jobs market, yesterday]
Have you considered that the reason for the rise in self-employed consultants is the tax system? With a good accountant, moving from PAYE to self-employment, for effectively the same job, can reduce your liability. I find it increasingly difficult to hire employees who want to be permanent.
Yes jobs and GDP are up, but productivity is languishing. It’s all too possible that trend productivity growth is now permanently lower.
[Re: The airport debate has forgotten free markets, yesterday]
The biggest problem with the airport debate is that local residents don’t support expansion anywhere, as Kristian Niemietz highlights. This has given credibility to perverse solutions like Boris Island – which has shades of Chinese state planning. What we really need is all the options. Let Heathrow expand and become a bigger London hub. Let Gatwick corner the market in low cost European travel. Let London City use new hub buster planes to ship executives to distant financial centres. And buy off local people by giving them money.
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