Making Money What Politicians Won't Tell You About the Economy
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Feb 2, 2026 Vicky Pryce, economist and former senior civil servant and author of Mismanaged Decline, explains why politicians spin economic stories. She discusses low real incomes, weak business investment, productivity failures and Brexit’s cost. Vicky also tackles energy pricing, regional inequality and what a true industrial strategy should aim to do.
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Brexit’s Big Hit On GDP
- Brexit likely reduced UK GDP substantially; newer research suggests a 6–8% shortfall relative to a no-Brexit path.
- Reduced trade and weaker investment have lowered productivity and long-term growth potential.
Manufacturing Still Drives Productivity
- Services and hospitality have lower measured productivity than manufacturing because output per worker is smaller.
- Decline in manufacturing and reliance on finance reduced wages and national productivity over time.
Back Startups With Long-Term Guarantees
- Support entrepreneurs with sustained, long-term funding and consistent policy rather than short bursts.
- Build permanent institutions (e.g., industrial strategy) insulated from political cycles to encourage investment.
