the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Knowledgebase    Links    About us     Contact us
Key projects
Crime
reduction
 


Inward
investment
information
 


Licensee
Forum
 

Workforce development 

Transport
 

Business &
climate
change

Property &
Development sites

Business
Improvement
Districts

Housing
 

Strategy
 

Consultation opportunities
 

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton
business.co.uk

© Brighton & Hove
Business Forum

News - 24 December 2005
More productive in America!

UK productivity slumps

Annual productivity growth fell to its lowest level in fifteen years in the third quarter of this year according to the Office for National Statistics (ONS) at a time when the government has made it clear that “productivity is the fundamental yardstick of our economic performance” (Gordon Brown).

In the three months to the end of September productivity per worker was less than half a percent better than in the same period in 2004. In some sectors e.g. electrical and optical equipment, productivity actually declined by 3%.

The Chancellor has pinned the UK’s ability to compete in the global marketplace on increased innovation and productivity but progress on closing our productivity gap with the rest of the world would appear to have stalled at least temporarily. British workers produce an average 10% less than the rest of the Group of Seven industrialised nations and 24% less than the USA.

ECONOMIC PARTNERSHIP COMMENT

While it is easy to see why we lag behind the USA (a country where the average worker gets two weeks holiday but often doesn’t take all of it!), it is difficult to explain the disparity between the UK and the rest of Europe.

We have had much more stability in our economy for a lot longer than most of the Eurozone and we have much freer labour market regulations but we still lag behind countries like France with their 35-hour week and almost national close down during August!

It is tempting to conclude that structural differences account for some if not all of the disparity e.g. transport problems and skills levels.

The regional development agency – SEEDA – are reviewing the regional economic strategy (RES) for the south east and promoting increased productivity and entrepreneurship will form an important part of it. The Brighton & Hove Economic Partnership (BHEP) will be consulting on the strategy and making a formal response.

For more details of the RES click on the link below. For more information about the local consultation process click on the consultation icon on the left hand side of the page or contact Tony Mernagh on 01273 735062.

www.seeda.co.uk/res/index.asp


Read related items on:
Productivity
Regional Economic Strategy
Brighton & Hove Economic Partnership
SEEDA
Brown, Gordon


Browse our business Knowledgebase or search by keyword


Headlines

15 December 2017
Brighton is among the best places to start a business due to their strong growth factors
15 December 2017
GTR consultation ends 20th Dec 2017 13 December 2017
Ethical Food StartUp Programme - Idea Generation Workshop 12 December 2017
Utilise Plus launch programme of energy efficiency grants and business support for SMEs 11 December 2017
City Centre Vacancy Rates Drop Slightly From Sept 5 December 2017
Innovate UK Announces Sector Competitions in Manufacturing and Infrastructure Systems 5 December 2017
GDPR, steps to early compliance 1 December 2017
The 29th Sussex Business Awards 2017 Winners Announced 1 December 2017
Old tech gear? Give IT a new lease of life 29 November 2017
Driving for Better Business Campaign launches 29 November 2017
ARKA Funerals sponsor Burning the Clocks 2017 with 'In Memory' lanterns 27 November 2017
Govia Thameslink launches third consultation phase on once-in-a-generation timetable restructure 23 November 2017
Coast to Capital Launches Brighton Mainline Alliance 22 November 2017
Calling all UK companies that have transport, parking and commuting issues to address 15 November 2017
Start-up Challenge Business Competition Offering £10,000 Investment to Young Entrepreneurs 15 November 2017
IUK Announces £10 Million Innovation Loans Infrastructure Systems Funding Competition for UK SMEs 15 November 2017
Sussex Food and Drink Grand Finalists Celebrate Success 10 November 2017
Meaning conference confirms speaker line-up: breeding a new army of business activists 10 November 2017
Positive body image documentary screening at Hove school 8 November 2017
Material Practices: Painting and Printmaking at the University of Brighton - Private View 8 November 2017
Economic Partnership kick starts city strategy consultation 8 November 2017
GTR respond to positive ASLEF referendum result 7 November 2017
350th employer signed up to the Brighton & Hove Campaign 7 November 2017
Rampion announces £4 million community fund 6 November 2017
The First Gamification Conference comes to Brighton 3 November 2017
Shoreham Port Welcomes New Commercial and Operations Director 2 November 2017
Burning the Clocks launches Crowdfunder for 2017 2 November 2017
The Gatwick Diamond Business Awards are now open for Entries 31 October 2017
Brighton Based Paxton Open New Centre for Technology & Innovation 27 October 2017
Adventures in risk taking for high growth businesses 27 October 2017
Can your business benefit from offering a 'world of work' experience? 27 October 2017
The Small Business Saturday Bus Tour launches across the UK for its fifth year 24 October 2017
Business Networking & Case Study Visit with the Sustainable Business Partnership 24 October 2017
Could you use an Energy Saving Workshop? 17 October 2017
Peter Blake raffle raises £2,290 for Middle Street School 17 October 2017
AMEX named major sponsor of city's bike share scheme 16 October 2017
Ropetackle Business Friends scheme 4 October 2017
VIRGIN STARTUP MEETUP 'HOW TO TELL (SELL) YOUR STORY' 3 October 2017
BTN BikeShare: a successful first month 3 October 2017
PLATF9RM open at Hove Town Hall