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Does the Chief Secretary to the Treasury accept that, since the financial crash, productivity in the UK has fallen 5% but has gone up 8% in the United States, and that lending to business is down 13% and lending to mortgages is at 2008 levels? What is he doing about this? It is too little, too late.
Does the Chief Secretary to the Treasury accept that, since the financial crash, productivity in the UK has fallen 5% but has gone up 8% in the United States, and that lending to business is down 13% and lending to mortgages is at 2008 levels? What is he doing about this? It is too little, too late.
The hon. Gentleman is right in his description of the fall in productivity in this country. That is related to the fact that this country was hit the hardest of almost any country in the world by the financial crisis, precisely because of the unpreparedness of his party. On the whole, however, the fact that a significant number of jobs have been created in our economy in recent years, even at the cost of falling productivity, represents a preferable balance from a welfare point of view.
The hon. Gentleman is right in his description of the fall in productivity in this country. That is related to the fact that this country was hit the hardest of almost any country in the world by the financial crisis, precisely because of the unpreparedness of his party. On the whole, however, the fact that a significant number of jobs have been created in our economy in recent years, even at the cost of falling productivity, represents a preferable balance from a welfare point of view.
The hon. Gentleman is right in his description of the fall in productivity in this country. That is related to the fact that this country was hit the hardest of almost any country in the world by the financial crisis, precisely because of the unpreparedness of his party. On the whole, however, the fact that a significant number of jobs have been created in our economy in recent years, even at the cost of falling productivity, represents a preferable balance from a welfare point of view.
Does the Chief Secretary to the Treasury accept that, since the financial crash, productivity in the UK has fallen 5% but has gone up 8% in the United States, and that lending to business is down 13% and lending to mortgages is at 2008 levels? What is he doing about this? It is too little, too late.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This weeks articles are 'Who’s looking for work? Differences between ILO unemployment and the claimant count' and 'Interesting times: inflation and monetary policy responses'
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This weeks articles are 'Who’s looking for work? Differences between ILO unemployment and the claimant count' and 'Interesting times: inflation and monetary policy responses'
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month's article are Wants, needs and desires: What can households no longer afford? and A typical apprenticeship
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month's article are Wants, needs and desires: What can households no longer afford? and A typical apprenticeship
To ask the Chancellor of the Exchequer (1) what assessment his Department has made, aside from labour productivity, of the UK's (a) profitability and (b) productivity;
To ask the Chancellor of the Exchequer (1) what assessment his Department has made, aside from labour productivity, of the UK's (a) profitability and (b) productivity;
The Treasury uses a range of metrics to assess productivity and profitability in the UK economy.
The Office for National Statistics (ONS) publishes estimates of profitability on a quarterly basis. Their most recent publication shows the profitability of UK firms rising from their post-crisis lows. The latest release is available here:
http://www.ons.gov.uk/ons/rel/pnfc2/profitability-of-uk-companies/q2-2013/stb-profitability-of-uk-companies-q2-2013.html
The ONS also has an extensive programme of work on productivity. Besides labour productivity, the ONS produce estimates of “multi-factor productivity” (also known as total factor productivity). The latest estimates relate to 2010 and show multi-factor productivity recovering, following falls during the recession. The latest release is available here:
http://www.ons.gov.uk/ons/rel/icp/multi-factor-productivity--experimental-/indicative-estimates-to-2010/art-indicative-estimates-to-2010.html
A range of sources can be drawn on to make international comparisons of productivity, including datasets produced by the OECD, Eurostat and the Conference Board.
(2) what metrics, aside from labour productivity, are currently used by his Department to assess the UK's (a) profitability and (b) productivity;
Laura Sandys:
(2) what metrics, aside from labour productivity, are currently used by his Department to assess the UK's (a) profitability and (b) productivity;
Laura Sandys:
The Treasury uses a range of metrics to assess productivity and profitability in the UK economy.
The Office for National Statistics (ONS) publishes estimates of profitability on a quarterly basis. Their most recent publication shows the profitability of UK firms rising from their post-crisis lows. The latest release is available here:
http://www.ons.gov.uk/ons/rel/pnfc2/profitability-of-uk-companies/q2-2013/stb-profitability-of-uk-companies-q2-2013.html
The ONS also has an extensive programme of work on productivity. Besides labour productivity, the ONS produce estimates of “multi-factor productivity” (also known as total factor productivity). The latest estimates relate to 2010 and show multi-factor productivity recovering, following falls during the recession. The latest release is available here:
http://www.ons.gov.uk/ons/rel/icp/multi-factor-productivity--experimental-/indicative-estimates-to-2010/art-indicative-estimates-to-2010.html
A range of sources can be drawn on to make international comparisons of productivity, including datasets produced by the OECD, Eurostat and the Conference Board.
(3) whether his Department compares, aside from labour productivity, the UK's (a) profitability and (b) productivity with other countries in the (i) G8, (ii) G20 and (iii) EU.
Laura Sandys:
(3) whether his Department compares, aside from labour productivity, the UK's (a) profitability and (b) productivity with other countries in the (i) G8, (ii) G20 and (iii) EU.
Laura Sandys:
The Treasury uses a range of metrics to assess productivity and profitability in the UK economy.
The Office for National Statistics (ONS) publishes estimates of profitability on a quarterly basis. Their most recent publication shows the profitability of UK firms rising from their post-crisis lows. The latest release is available here:
http://www.ons.gov.uk/ons/rel/pnfc2/profitability-of-uk-companies/q2-2013/stb-profitability-of-uk-companies-q2-2013.html
The ONS also has an extensive programme of work on productivity. Besides labour productivity, the ONS produce estimates of “multi-factor productivity” (also known as total factor productivity). The latest estimates relate to 2010 and show multi-factor productivity recovering, following falls during the recession. The latest release is available here:
http://www.ons.gov.uk/ons/rel/icp/multi-factor-productivity--experimental-/indicative-estimates-to-2010/art-indicative-estimates-to-2010.html
A range of sources can be drawn on to make international comparisons of productivity, including datasets produced by the OECD, Eurostat and the Conference Board.
To ask the Secretary of State for Environment, Food and Rural Affairs what assessment his Department has made of the Eurostat resource productivity scale.
To ask the Secretary of State for Environment, Food and Rural Affairs what assessment his Department has made of the Eurostat resource productivity scale.
No formal assessment of Eurostat's resource productivity scale has been made. However, it was considered alongside a number of other proposals as part of the UK response to a consultation by the European Commission on options for resource efficiency indicators in 2012. The UK response noted that the indicator has a number of recognised weaknesses regarding the coverage of materials and the treatment of imports. We are working with the Commission to help improve the methodology used.
The UK response to the consultation is available on the Commission website:
http://ec.europa.eu/environment/index_en.htm
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month’s articles: "UK recovery: how strong and how long?" and "Scotland’s currency choices"
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month’s articles: "UK recovery: how strong and how long?" and "Scotland’s currency choices"
To ask the Secretary of State for Health what estimate his Department has made of the productivity of the National Health Service in each of the last 10 years.
To ask the Secretary of State for Health what estimate his Department has made of the productivity of the National Health Service in each of the last 10 years.
United Kingdom national health service productivity, as measured by the Office for National Statistics (ONS), is given in the following table:
| Growth
in UK NHS Productivity
2001-10 | |
| UK
NHS productivity growth
(%) | |
| 2001 | 2.4 |
| 2002 | -2.0 |
| 2003 | 1.0 |
| 2004 | 0.7 |
| 2005 | 2.3 |
| 2006 | 3.0 |
| 2007 | -0.6 |
| 2008 | 1.2 |
| 2009 | -1.1 |
| 2010 | -0.9 |
| Notes: 1. Figures are rounded to one decimal place. 2. Productivity estimates for 2011 and 2012 are not available. 3. ONS estimates productivity on a calendar year, rather than financial year basis. Source: Public Service Productivity Estimates: Healthcare, 2010, Fiona Massey, ONS 7/12/12 |
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This months articles: 'Getting real about earnings' and 'Safe as houses? The UK housing market since 2007.'
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This months articles: 'Getting real about earnings' and 'Safe as houses? The UK housing market since 2007.'
To ask Her Majesty’s Government, in the light of the recent Fiscal Sustainability Report from the Office for Budget Responsibility, what assessment have they made of the conclusions that (1) overall migration has a positive impact on the sustainability of the public finances over a 50-year timespan, (2) immigrants have...
To ask Her Majesty’s Government, in the light of the recent Fiscal Sustainability Report from the Office for Budget Responsibility, what assessment have they made of the conclusions that (1) overall migration has a positive impact on the sustainability of the public finances over a 50-year timespan, (2) immigrants have...
In its 2013 Fiscal sustainability report (FSR), the Office for Budget Responsibility (OBR) reviewed the literature on the impact of migration on the labour market and productivity, concluding that "we have not found definitive evidence on the impact of immigrants on productivity and GDP."1
The FSR also shows the mechanical impact on long-term projections of different demographic assumptions. The OBR stresses that these results "should be interpreted as broad-brush illustrations, not detailed forecasts."2 Furthermore, they are not a full assessment of the costs and benefits of a particular immigration policy.1 Office for Budget Responsibility. Fiscal sustainability report, July 2013, paragraph A.45. p.1482 Office for Budget Responsibility. Fiscal sustainability report, July 2013, paragraph A.43. p.148
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
To ask Her Majesty’s Government what assessment they have made of the relationship between academic achievement and technical skill levels in the United Kingdom manufacturing and industrial workforce and changes in productivity, efficiency and innovation during the period 1950 to 2000.[HL6562]
To ask Her Majesty’s Government what assessment they have made of the relationship between academic achievement and technical skill levels in the United Kingdom manufacturing and industrial workforce and changes in productivity, efficiency and innovation during the period 1950 to 2000.[HL6562]
The Government are not aware of any relevant assessment for the specific period requested. However, evidence looking at other time periods shows that skills are central to delivering strong, sustainable and balanced growth. For example, the Gröningen Growth and Development Centre estimates that improvements in skills added 0.4 percentage points to UK growth between 2000 and 2007, at least twice that of countries such as USA, France and Germany.
Research published by the department to estimate the economic impact of the government-funded post-19 further education (FE) sector suggested that FE participants that started a qualification in 2008-09 will generate an additional £75 billion for the economy over their working lives, over and above what they would have contributed if they had not achieved these qualifications. The full report, Measuring the Economic Impact of Further Education, can be accessed at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32329/11-816-measuring-economic-impact-further-education.pdf.
Further research also highlights the economic benefits from a range of academic and vocational qualifications. Two reports, Returns to Intermediate and Low Level Vocational Qualifications and The Long Term Effect of Vocational Qualifications on Labour Market Outcomes, can be accessed at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32354/11-1282-returns-intermediate-and-low-level-vocational-qualifications.pdf and https://www. gov.uk/government/uploads/system/uploads/attachment_data/file/32326/11-1035-long-term- effect-of-vocational-qualifications.pdf .
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
To ask the Minister for the Cabinet Office what the level of productivity of British workers was in (a) 1983, (b) 1993, (c) 2003 and (d) 2012.
[144979]
To ask the Minister for the Cabinet Office what the level of productivity of British workers was in (a) 1983, (b) 1993, (c) 2003 and (d) 2012.
[144979]
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Glen Watson, dated February 2013:
As Director General for the Office for National Statistics, I have been asked to reply to your Parliamentary Question asking what the level of productivity of British workers was in (a) 1983, (b) 1993, (c) 2003 and (d) 2012 [144979].
Productivity, also known as Output per Worker, can be derived as the ratio of Gross Value Added and number of workers (from the Labour Force Survey). Gross Value Added figures were published on 27 February as part of the ONS statistical bulletin “2nd Estimate of Gross Domestic Product”.
Number of workers is measured as ‘All in employment' which includes employees, the self employed, unpaid family workers and those on Government supported training and employment programmes. This data is published in the ONS statistical bulletin “Labour Market” on 20 February.
| Output
per UK worker by year
(2009=100) | |
| Output
per
worker | |
| 1983 | 61.1 |
| 1993 | 76.4 |
| 2003 | 95.9 |
| 2012 | 101.1 |
GDP
http://www.ons.gov.uk/ons/rel/naa2/second-estimate-of-gdp/q4-2012/stb-second-estimate-of-gdp-q4-2012.html
Labour Force Survey
http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/february-2013/statistical-bulletin.html