Part 2/9:
At the heart of the issue is a quote from Mark Carney, former Governor of the Bank of England, noting that the British economy is "just not that productive anymore." This sentiment echoes across the political spectrum in the UK, with both Conservative and Labour politicians attributing the country’s economic troubles to a fundamental lack of productivity. Gary acknowledges that while he does not dismiss the importance of productivity or economic growth, he challenges the notion that these factors alone can adequately explain the plight of ordinary citizens.