The productivity puzzle: Why Britain has plenty of capital but no capital spending Opinion Despite holding £1.9 trillion in financial wealth, the UK has failed to invest in its future, leaving a generation stuck with 20-year-old productivity and pay, say Andrew Allum and Jack Duckworth When Warren Buffett announced his retirement last month, he had created many billions, and many memorable quotes such as “Someone’s sitting in the shade [...]
The secret to the productivity puzzle? Work fewer hours The UK faces a tough productivity problem. According to the Office for National Statistics, British productivity has improved by just 0.5 per cent per year since 2008, and lags 15 per cent behind other G7 countries. Productivity is measured as value added per hour worked. Obviously it rises if we produce more value – which [...]
