Blog
Benedict Dellot
And so the ‘productivity puzzle’ continues. Earlier this week the ONS published new figures showing that employment rose by 154,000 in the last quarter of 2012, taking up the total increase over the year as a whole to half a million. This is despite growing expectations that Britain will slide back into recession for the third time since the economic downturn. Indeed, the size of the economy in the last quarter was the same as it was a year beforehand. So what’s going on?