Macroeconomics: UK economy, IB Economics

And Phillip Inman suggests that the lack of business investment means that it's "Back to The Future" with the prospect of a re-run of the 1970s likely as a result of the lack of investment. And unlike the 1970s, the changes in industrial structure and weakening of the trade unions, are likely to mean that the distributional impact of this is likely to fall more heavily on workers than previously.