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How can real and lasting economic growth be achieved?

How can we grow the economy despite the cost of living crisis? And what do we need to do to improve our productivity, a key factor in economic growth?

The new British Prime Minister, Liz Truss, has said her number one objective is to promote economic growth. But growth is low, and there are considerable headwinds: sky-high energy prices that limit consumers' spending power and affect businesses' staffing levels and investment. Inflation is the highest it's been for decades, increasing costs. The British pound is struggling against other currencies, particularly the US dollar, which increases the price of imports. And then there's the 'productivity puzzle', the fact that Britain's productivity - how much we produce per unit, such as per hour worked - has been slow to grow for years.

How are other, similar countries dealing with this perfect economic storm? And how can we grow the economy despite the current challenges?

Joining David Aaronovitch in The Briefing Room are:

Nicholas Crafts, Professor of Economic History at the University of Sussex Business School
Chris Giles, Economics Editor of the Financial Times
Duncan Weldon, broadcaster and author of "Two hundred years of muddling through"
Anna Valero, Senior Policy Fellow at the London School of Economics' Centre for Economic Performance
Paul Johnson, Director of the Institute for Fiscal Studies

Producers: Paul Connolly, Arlene Gregorius and Kirsteen Knight
Editor: Richard Vadon
Sound engineer: Neil Churchill
Production Coordinator: Siobhan Reed and Helena Warwick-Davis

Release date:

28 minutes

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