The poor productivity of the UK – 8 facts

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Based on 2016 statistics, the UK isseriously lacking in productivity(output per hour), where once it was streaking ahead of the competition….

1. Productivity is near bottom ofG7 league table (UK productivitylevels are weaker than several other large economies)

2. UK once had best productivity in Europe (but lost its top spot in the 1960’s)

3. Productivity slump has been worse than elsewhere (Britain’s slowdown has been more dramatic than any leading western economy)

4. Best industries fizz less than they did (with performance dropping sharply after 2008)

5. The most productive companies have lost momentum (failing to improve on each other at the rate of their predecessors)

6. There is a ‘long tail’ of unproductive companies (a far higher number than of high performing companies)

7. Many regions don’t have enough productive companies (most national companies outside of South East England are underperforming)

8. Low skilled workers are too prevalent (young English workers are no more skilled than older employee)

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