Emmanuel Macron Talks to WIRED About France’s AI Strategy with €1.5bn financial support over 5 yrs…This technology will be a major disrupter and a force for greater productivity – especially health care and mobility sectors https://www.wired.com/story/emmanuel-macron-talks-to-wired-about-frances-ai-strategy/?mbid=social_twitter_onsiteshare … via @WIRED
Unfortunately, according to the Office of National Statistics in February 2016, “The U.K.’s ‘productivity gap’ of about 14% is about twice as large as the gap for the rest of the G7” Quoted in the FT, Ann Francke, chief executive of the Chartered Management Institute (CMI), said one problem is that in the […]
As we have said before, productivity isn’t everything, but in the long run it is almost everything…this was Nobel prize-winning economist, Paul Krugman’s statement that a country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker hour. As Martin Wolf points out in today’s […]
Access to finance. The British Business Bank (BBB) comes under fire for its lack lustre performance in providing effective routes to finance for SMEs. Barry James, writing an open letter to chancellor, Philip Hammond in Real Business points out that 99% of companies are SMEs and they employ half of employed people outside government. He […]
According Nobel prize-winning economist, Paul Krugman, a country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker. If countries are to grow, either its people need to work harder (or longer…), or they need to increase immigration (as the US, UK and Germany […]
CIPD – The Chartered Institute of Personnel and Development has questioned the government’s priorities on improving the UK’s productivity. Although the UK’s GDP has grown in recent years, this has been predominantly as a result of immigration increasing the size of the work force; productivity in terms of output per head has been more or […]
UK productivity has been flat since the banking crisis and is now 14 per cent below the level that would have been achieved if pre-crisis trends had continued. Addressing this, it is hard to disagree with the government’s overall strategic framework for raising productivity. It covers 15 policy areas from long term investment in […]
The latest labour productivity report from the Office for National Statistics (ONS) makes grim reading. The ONS report that “…the absence of (UK) productivity growth in the seven years since 2007 is unprecedented in the post-war period…” Put that into context with the head of the IMF, Christine Lagarde’s statement on 9th April that the […]
Andy Haldane, chief economist if the Bank of England, believes that even modest management improvements amongst complacent companies could lead to an overall productivity leap. The FT recently reported the success story of a four-decade-old glassworks at Cumbria Crystal near the Lake District, where molten glass is still blown by mouth and where […]
As with the USA, improving the UK’s sagging productivity is a big economic issue. One of the issues is developing skills and SMEs are often happy to help support this by taking on apprentices. However, currently such employers have to pay full wage for the 2 days a week or so that apprentices are at college (less […]
