Saturday, 4 April 2015

Is it working for you?

The UK seems to have lost productivity - but gained jobs.  This seems about right.

Has it done the right thing?

Well, in the short term governments have to make decisions and adopt strategies to solve a problem, to get out of a crisis.

The UK government seems to have adopted policies that are enabling the UK to climb out of the pit of the financial crisis .... and since competitors are doing less well, the lower productivity is not a problem.

You might be one of the companies that has taken on workers - to meet growing orders.

But in the longer-term productivity IS important - it drives competitiveness and it drives wealth-creation, without creating inflation.

You will have to find a way of improving your productivity - preferably while you are still growing so you don't have to shed jobs and lose experience.

You might be hoping the the next government (after the election in May) can help you do this.

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