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Despatch: Our Growth Problem is a Productivity Crisis episode artwork

Mar 28, 2025 6 min

Despatch: Our Growth Problem is a Productivity Crisis

from The Capitalist Hosted by CapX

Britain is spending more than ever—but getting less. Public debt is soaring, growth is non-existent, and dissatisfaction with public services has never been higher. The government talks tough on cuts, but the real crisis is deeper: a bloated state that punishes efficiency and rewards failure. The one word no politician dares to take seriously? Productivity. If public sector performance matched the private sector, we’d unlock £100bn a year—no tax hikes, no cuts, just better government. So why isn’t it happening? And who, if anyone, has the courage to fix it? Listen now to Tim Knox's diagnosis of Britain's great stagnation—and what we can do about it. Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Get full access to The CapX Briefing at briefing.capx.co/subscribe

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Despatch: Our Growth Problem is a Productivity Crisis

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