Proceeding contribution from David Leslie Taylor (Labour) in the House of Commons on Monday, 27 November 2006. It occurred during Queen's speech debate on Treasury and Work and Pensions.

Treasury and Work and Pensions

I am grateful to the hon. Gentleman for giving way. Does he not agree that productivity growth can be a misleading statistic if taken on its own? A growing economy brings the most marginal factors of production into production, whereas a shrinking economy loses them; therefore, it is possible for an economy in recession to have higher average productivity at the margins than a growing economy. Is that not so, and why does the hon. Gentleman include that misleading quality in his amendment?

Secondary information

Type: Proceeding contribution
Reference: 453 c836
Session: 2006-07
Chamber / Committee: House of Commons chamber
Subjects: Children Climate change Economic situation Poverty Pensions Public sector Public expenditure Statistics Welfare tax credits Taxation Skilled workers Unemployment Productivity World economy
Link: View this Proceeding contribution on www.publications.parliament.uk

Treasury and Work and Pensions

Secondary information

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