LSE British Politics and Policy blog:
Budget 2015: Osborne is right to raise wages, but a clearer productivity plan is required
9 July 2015
Article by John Van Reenen
Yesterday, George Osborne delivered the new government's first budget in which he surprised many by hiking the minimum wage significantly. John Van Reenen reviews the measures introduced, writing that the Chancellor is right to want to raise wages, but the best way to do this and maintain employment is through concrete plans to raise productivity. The budget, however, contained too little detail on what the productivity plan contains.
The article was published online by the LSE British Politics and Policy blog on July 9, 2015
Link to article here
Related links
John Van Reenen webpage
Productivity and Innovation Programme webpage
John Van Reenen CEP publications webpage