A growing workforce, but is it becoming less efficient?
The IndependentThe memory plays tricks. open image in gallery We knew it could not go on, but we had no idea: that mighty banks would tumble; the financial markets would suffer a severe wound; governments would have to use taxpayers’ cash to mount a lifeboat rescue operation; and that the consequences would include, alongside a dramatic tightening of belts, the imposition of stricter controls that would limit future investment and borrowing. This past decade has been characterised by a slowing-down in deals – a result of tighter strictures on banks’ ability to lend, the requirement to maintain higher reserves and greater attention paid to compliance. They’re also down, put paid to by sustained low interest rates and wages falling behind the cost of living forcing people to dip into their savings pots and deposit accounts to make ends meet. The most alarming aspect of Britain’s economy over the past decade, though, has been our inability to raise productivity.
History of this topic
Keir Starmer insists the UK economy WILL rebound as he faces MPs with alarm building over Labour's Budget raid sparking surging inflation and fears of a recession
Daily Mail
Britain's Economic Journey: From Industrial Boom to Global Decline
Live Mint
£10,200: How much worse off Britons are after 14 years of Tory rule
Al Jazeera
UK jobs market falters as unemployment rate rises and company payrolls shrink
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‘Recession’ is far too mild a term for what Britain is about to face
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UK economy grows 4.8% as hospitality bounces back from lockdown
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Increased productivity will only be achieved when employees are treated better
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UK economy slumps 20% in 2nd quarter, unemployment fears mount
India Today
UK employment: The job market is booming – but not for the reasons you think
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Keeping calm and carrying on? What’s really behind strong consumer spending in Brexit Britain
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Britain’s surge in wage growth is not as rosy as it seems
The Independent
Unemployment down again but robust labour market masks Britain's soft financial underbelly
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