Catagory / UK Productivity

Strategic AI – the way to improve productivity and inter alia help the NHS…

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

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Big companies and academics can help the UK economy by supporting SMEs to become more productive…

  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 […]

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“Most car-owners believe they are above-average drivers, most companies might well believe they have above-average levels of productivity”…Andy Haldane, Bank of England

  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 […]

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The post truth productivity challenge to the British economy…

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 […]

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Productivity isn’t everything, but in the long run it is almost everything…

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 […]

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The Queen’s speech – On the problem of ignored productivity…

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 […]

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