The Resolution Foundation’s chief executive, Gavin Kelly, remarked last week:
All parties are framing the deficit as a fiscal choice. They have said very little about productivity.
LSE’s John Van Reenen said something similar in his review of the budget:
It is surprising and depressing that the Chancellor neither mentioned the productivity problem nor did anything to address it.
As did the FT’s Martin Wolf:
[I]t is misleading to view the main challenge as fiscal. It has also become clearer that the crisis both revealed and caused structural weaknesses that the government has neither recognised nor addressed. The opposition Labour party shows no sign of recognising the weaknesses either. What are they? Simply, the economy is “ex-growth” — underlying growth has stopped. Against that background, the aim enunciated by the chancellor “for Britain to become the most prosperous major economy in the world” is absurd. Here are three indicators…
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Utopia, you are standing in it! 
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