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?
Treasury and Work and Pensions
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.
Type
Proceeding contribution
Reference
453 c836 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 11:11:32 +0000
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