Lazy Britain?
Posted on 09 Dec 2020
Offical figures for 2011 show that the average output per hour for a worker in Britain was 21% less than the average of the other G7 nations, reports Harris & Co Chartered Accountants Northampton. The productivity gap has not been this wide since 1993. Even Italian workers produce 3% more per hour than British ones! And Americans produce a staggering 39% more! Productivity is crucial to the long term competitiveness of our economy. Economists suggest that the drop in output is heavily influenced by investment levels. The Government"s strategy has been to cut investment spending, rather than current spending on benefits etc. Is this the right long term strategy or will it damage or economy?
