UK Parliament / Open data

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?
Type
Proceeding contribution
Reference
453 c836 
Session
2006-07
Chamber / Committee
House of Commons chamber
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