Good stuff. A simpler heuristic, even—any sector in receipt of big govt subsidies would show up as a big, and possibly growing, share of GDP.
That alone says nothing about whether those subsidies are well-spent. (Here: lots of reasons, not least world-high bills, to imply not.)
Is our race to net zero boosting the economy?
Last week a new report claimed the “net zero economy” is worth £105bn.
But zoom out, and there is little evidence that the shift to renewables has boosted growth at all. In fact, the opposite may be true