🚨New report from us BCG CfG today🚨 we take a sector & firm view of UK productivity growth over past 3 decades, including benchmarking against peers. UK is falling back from global frontier but for quite different reasons in different sectors 1/

We think (happy to be corrected) this is the broadest & deepest study of its kind, building on existing academic work. We take a longer timeline & a wider set of different types of infra as well as a larger country group than ever before. For those interested in the modelling approach, details below

🚨New report from us @BCG 🚨. We look at 7 types of infrastructure across 92 countries over 30 years to understand their economic benefits. Key message: a +5% increase in infrastructure stock is associated with +0.3 to +0.45pp higher long-run GDP growth. This is huge... 1/ www.bcg.com/publications...

Good piece, well worth a read. The gap between reality & rhetoric remains large. I suspect part of the problem is that if you put to many leaders of middle powers that they should adopt a principled and pragmatic approach, most would argue that they already are!

🚨New research🚨 out today from us at BCG Centre for Growth – looking at how the UK can unlock further value from healthcare innovation. As it stands, we leave significant value (£78bn) on the table, growing behind Italy & Spain in some health subsectors 1/ www.bcg.com/publications...

Ironically during the original negotiations it was the EU (especially France and Macron) that wanted to keep defence more separate. He regularly told us - we can have a great relationship on defence etc but on Brexit & trade it will be painful. As Martin says, it's not that simple...(1/3)

This is an interesting (& somewhat crazy chart) from the OECD Global Dept Report out today. Huge amounts of additional borrowing from corporates not shifting the dial on investment. www.oecd.org/en/publicati...

Agreed with Jill on this. One budget would make sense, just look at the swings in UK borrowing costs we've seen this year. I can though understand the case for two budgets. What I really can't see the case for is one budget with two separate forecasts per year. Always a terrible idea.

In this work we have (for 1st time?!) estimated share of UK announced infrastructure projects that never go ahead - 37%!! Based on data from 2010-15, 16% of announced projects get scrapped while a further 21% get stuck in planning/preconstruction stage for over a decade.

This is a superb report and thread. If we want a playbook for how to do this, it is in our own history. From 1947 to 1979 the British state successfully coordinated a gargantuan programme of infrastructure development (water, gas, electricity) and housebuilding.

🚨New research🚨 out today from us at BCG Centre for Growth – based on current project pipeline next 5 years could see £700-£900bn invested across 8 key sectors. This is 2.1x-2.7x level in past 5 years. Huge opportunity for the UK. But... 1/ www.bcg.com/united-kingd...

Finally made the move over from the other place! Starting off with a recent piece I wrote about what the Chancellor needs to do to deliver on growth ambitions. A big part is, focus on delivery & implementation (often the hardest things in govt) (1/2) www.linkedin.com/pulse/easier...

bsky.app/profile/rrup... Anyone interested in growth, politics, the EU and much more should follow Raoul