Employers used immigration of cheap workers to keep growing at the end of 2017, putting off the tough decisions and investment needed to boost productivity and real wages. Thomas Coughlan reports.
In today's email we asked whether the economy is getting closer to its increasingly hard to define "speed limit".
Unemployment's fall to a nine-year low of 4.5 percent begs the question for interest rate setters: has the economy revved so hard that it is about to generate inflation? Bernard Hickey looks under the hood and finds a higher performance engine.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday.