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Productivity gap yawns across the UK – News

The only towns in the country that have above average productivity are London, Aberdeen (centre of the off-shore oil industry) and Bristol (a high tech and aviation industry hub).

Output per hour worked increased by 0.4% in the three months to September last year, that is an improvement but according to (ONS) economist Richard Heys: #8220;It is still weak compared to that experienced in the recent past.#8221;

Productivity, or more precisely the lack of productivity, is one of the great puzzles of the British economy at the moment.

Powys in central Wales is the least productive and, overall, Wales and Northern Ireland have productivity levels 19% below the national average.

Tower Hamlets, which includes the financial district of Canary Wharf, is the most productive part of the country, a huge 79% more productive than average.

Solving the productivity gap in the UK will not be an easy job, certainly better regional policies would help, but just convincing family run firms to appoint competent outsiders to run their business would also have a huge effect.

What are the odds that the best-qualified and competent person in the world to run a business just happens to be the son or daughter of the current boss?

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