Web links for 15th November 2011
An important study from the LSE. Performance was strong 1997-2010 – continuing a trend that had begun under the Conservatives. GDP per capita grew fast by international standards; productivity growth second only to the US employment did well too. Distribution and business services were "much more important contributors to growth" than finance. Labour policies on education, innovation & competition contributed to growth. Argues that there is a substantial output gap, which means that there is room for fiscal expansion.