Productivity. It's a word that strikes boredom into the heart of the majority of people. And I'll grant you, it's hard to get excited about a measure of input versus output value per worker, per hour. But it is a vital measure of how we're doing as a country. And since the economic crash, productivity in the UK, and many Western economies, has been absolutely dire and shows little sign of sustainable growth in the future.
Another big announcement was the creation of an entirely new ISA for those looking to get on the property ladder. The Help to Buy ISA can be used by first time buyers with the benefit of the Government adding £50 to every £200 deposited up to £12,000 annually. This means that those buying their first property could get a £3,000 boost.
Speculation or investment in the past has been enormously valuable to the market, it has aided price discovery and liquidity, securing certainty and longevity in the market. This all helps the growers to continue to invest in producing improving quality crops and provides the motivation to make "age-worthy" wines.
Despite the political rhetoric, if current economic policies continue broadly as they are, the UK economy does not have a bright future. In my view, and that of many others, our economy has at least five big problems. These major challenges will end the current upturn probably shortly after the 2015 general election, no matter who wins.
Pensions are still regarded as incredibly complicated, scary and boring. We need to dispel the myth that investing in a pension scheme is hard work. For the woman at the party, the advantages of receiving valuable matching contributions from her employer had not got through. She had lost out on 10 years' free money between the ages of 25 to 35.
Of course, it seems absurd to many that the world is concerned about Chinese growth slowing from 7% to 10%. But most countries in Europe would kill to achieve any growth at all at this point. The UK seems to be the exception in Europe with the IMF predicting that UK growth will be 3.2% in 2014, falling to 2.7 % in 2015.
The quality of European universities and their campuses not only affects policy agendas of education, research and innovation. It also affects Europe's position in the global competition for the best students and professors (the global 'battle for brains'), and the wider competitive advantage, productivity, profitability and sustainable development of Europe.