Britain is the sick man of Europe once again

[chinasun]

Britain is the sick man of Europe once again

With a new prime minister in post, a trade deal in place with the eu and pandemic-related uncertainty fading, 2023 might have been a time to fix Britain’s long-term problems. If only. Rishi Sunak, the prime minister, faces a challenging macroeconomic environment, including a crunch in energy supplies, rising interest rates and sputtering growth. As he hunkers down to fix the public finances, precious little energy will go towards fixing the country’s festering productivity problem. That will be a missed opportunity.

Mr Sunak is acutely aware of the problem: Britain’s productivity during the 2010s was dismal. According to the Office for National Statistics, the country’s growth in output per hour was the second fastest among g7 countries between 1997 and 2007. But between 2009 and 2019 it slumped to second slowest. By 2019 British workers produced 18% less per hour than French ones. That contributed to feeble wage growth: adjusted for inflation, pay (including bonuses) in 2019 was up by just 1% from 2009.

Britain is the sick man of Europe once again

The country will struggle to pep up its sluggish investment

www.economist.com

 

[Ali_Baba]

Britain is the sick man of Europe once again

View attachment 915167
With a new prime minister in post, a trade deal in place with the eu and pandemic-related uncertainty fading, 2023 might have been a time to fix Britain’s long-term problems. If only. Rishi Sunak, the prime minister, faces a challenging macroeconomic environment, including a crunch in energy supplies, rising interest rates and sputtering growth. As he hunkers down to fix the public finances, precious little energy will go towards fixing the country’s festering productivity problem. That will be a missed opportunity.

Mr Sunak is acutely aware of the problem: Britain’s productivity during the 2010s was dismal. According to the Office for National Statistics, the country’s growth in output per hour was the second fastest among g7 countries between 1997 and 2007. But between 2009 and 2019 it slumped to second slowest. By 2019 British workers produced 18% less per hour than French ones. That contributed to feeble wage growth: adjusted for inflation, pay (including bonuses) in 2019 was up by just 1% from 2009.

Britain is the sick man of Europe once again

The country will struggle to pep up its sluggish investment

www.economist.com

Productivity is a big problem in the UK due to lax immigration allows for productivitiy to be substituted with cheap disposable labour - that is why industry is upset with the removal of the free movement of people due to leaving the EU.

Companies need start learning to invest in their tooling, procecesses and people to help resolve this productivity issue. Hell - if the "French" of all people can be productive - than the UK can be alot more.

Industry in the UK is going through cold-turkey right now over cheap labour - once they get over that crack habit - they will start to look inwards and "invest" properly. It will take time.

 

[waz]

Britain is the sick man of Europe once again

View attachment 915167
With a new prime minister in post, a trade deal in place with the eu and pandemic-related uncertainty fading, 2023 might have been a time to fix Britain’s long-term problems. If only. Rishi Sunak, the prime minister, faces a challenging macroeconomic environment, including a crunch in energy supplies, rising interest rates and sputtering growth. As he hunkers down to fix the public finances, precious little energy will go towards fixing the country’s festering productivity problem. That will be a missed opportunity.

Mr Sunak is acutely aware of the problem: Britain’s productivity during the 2010s was dismal. According to the Office for National Statistics, the country’s growth in output per hour was the second fastest among g7 countries between 1997 and 2007. But between 2009 and 2019 it slumped to second slowest. By 2019 British workers produced 18% less per hour than French ones. That contributed to feeble wage growth: adjusted for inflation, pay (including bonuses) in 2019 was up by just 1% from 2009.

Britain is the sick man of Europe once again

The country will struggle to pep up its sluggish investment

www.economist.com

When you have a sick unelected man running it that’s what happens.
Doesn’t want to cut taxes.
Lets US cooperations milk the country.
Refuses to spend on public services.
Has a scandal ridden cabinet.
Corrupt himself and his wife dodged taxes.
Has no empathy for the poor.

 

[zectech]

 

[大汉奸柳传志]

anytime you want to take a trip there is a railway strike..