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Category Archives: productivity

The UK paradox on employment

In its latest Economic Outlook released this morning, the OECD aims to shed some light on the so-called ‘UK paradox’ of employment rates rising while economic growth remains weak. Today’s Outlook says of the UK : “Although employment grew strongly in 2012, unemployment is expected to rise slightly in 2013, as the subdued recovery and continued uncertainty may make firms … Continue reading

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How does UK productivity compare?

Latest, revised estimates for 2009 show that the UK’s productivity level, when measured on a Gross Domestic Product (GDP) per worker basis, was well below the G7 level and over 30% below the US performance, according to the Office for National Statistics. Whilst our productivity was higher than Japan’s, and broadly similar to Canada and Germany, it was below France, … Continue reading

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Falling sterling: Advantages and disadvantages

Over the last three years the euro has gone up in value by 30% against sterling, whilst the dollar has risen by 20%. This fall in the value of the pound has been picked up in three articles which I have been reading over the weekend.   The first, published in the Telegraph online this morning, supplies some good news. … Continue reading

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Is retirement about to be abolished?

According to a report in the Times this morning, Harriet Harman, the Equalities Minister, is looking into the possibility of reforming retirement rights. In fact the decision not to put over-65s “out to pasture” has already been taken in the US, Australia and New Zealand where age discrimination legislation has been used to abolish mandatory retirement.   It seems that … Continue reading

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Reduction in UK’s productivity gap

When the UK’s productivity is measured by Gross Domestic Product (GDP) per worker, latest figures show that we are now above Japan, similar to Canada and Germany, although still lower than Italy, France and the US. This is according to new 2008 estimates just published by the Office of National Statistics.   When measured by GDP per hour, which takes … Continue reading

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