David Blanchflower and Roger Bootle on U.K. Economy

The video discusses the issue of underemployment in the UK, highlighting its impact on wage pressure and economic dissatisfaction. It examines the challenges faced by the UK economy, including the effects of Brexit and the need for fiscal stimulus. The discussion critiques past austerity measures, suggesting they were a mistake, and emphasizes the importance of public spending and infrastructure development. The video concludes with a debate on the necessity of austerity and the potential for increased public borrowing to stimulate economic growth.

What are the implications of the current economic policies on real wages in the UK?

In what ways has austerity affected public services and social infrastructure?