The deficit: It’s a productivity thing

Britain’s recovery is weak. Some public services could disappear completely over the next five years. Yet, the Conservatives want to deliver tax cuts for the rich. And no one is talking about the real issue: productivity. And the fact that our over-bearing financial services industry almost ensures we don’t invest in productive assets (80% of bank loans go on property and other non-productive investments). The UK’s political elite is talking to us from a parallel universe.