Live Budget 2016 Committee Select Committees


Live Budget 2016 Committee

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Said it would be this way and in the US. It was the same. One quick

:14:10.:23:28.

question. My interpretation of the report is you seem to be suggesting

:23:29.:23:40.

that with the, growth will also call, which will have an impact on

:23:41.:23:47.

budgets. Fundamentally, it is productivity growth that drives wage

:23:48.:23:56.

growth. We're looking at a period of lower wage growth? Yes, lower trend

:23:57.:24:02.

product over the growth goes through to lower output growth, which leads

:24:03.:24:11.

to that. On the income side, it shows up in wages and expenditure,

:24:12.:24:15.

and consumer spending and business investment. -- business investment.

:24:16.:24:28.

That is where we have to leave this. You can find more on the website.

:24:29.:24:31.

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