Economy 2030 Ready for change How and why to make the UK economy more dynamic 25 September 2023 by Richard Davies and Nadim Hamdan and Greg Thwaites Britain’s productivity shortfall is its foundational economic problem. Debate about this gap and how to fix it typically focus on raising productivity of existing firms, via two routes. First, innovation: investment, R&D and patenting as ways to inject new ideas into pre-existing firms. Second, diffusion: the cascading of those new technologies and improved management practices … Continued READ MORE
Labour Market Outlook· Labour market Labour Market Outlook Q2 2023 14 August 2023 by Nye Cominetti and Nadim Hamdan and Hannah Slaughter The UK has seen more strikes in the past year than in any since the 1980s. These strikes have been concentrated in the public and transport sectors, where unionisation rates are highest. The public and public-funded sectors have seen a bigger pay hit than the private sector overall, but there are exceptions – highly unionised … Continued READ MORE
