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 […]
Businesses in the UK waste 5.2% of revenue each year due to poor cost management, according to a survey by the Chartered Institute of Management Accountants (CIMA). The survey was conducted to inform CIMA’s Cost Transformation Model – a planning and control framework for transforming and managing a business’s cost-competitiveness. In 2015, the total amount […]
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 […]
Market Invoice and now cloud accounting software provider FreeAgent has joined a chorus of complaints in finding typical UK micro-businesses write off nearly £2,000 in unpaid invoices each year. With 5m micro-businesses in the UK, this equates to a total of over £9bn written off in unpaid invoices last year. Based on invoices dated between […]
