This blog is designed to keep you up-to-date with Careers Education, Information and Guidance (CEIAG) available locally, nationally and through the school. I’ll be posting information about employment and training opportunities available locally as well as details of open days and useful websites. The world of education, employment and training opportunities is changing rapidly so keep checking in for the latest information.

Mr Cross

Saturday, 4 November 2017

Consequences of low productivity in the UK workforce

The Office for Budget Responsibility (OBR) has released figures showing that the productivity of the UK workforce fell in the three months to June. It said that low business investment, due to concerns over Brexit, was one of the main reasons for falling productivity,and predicted that this low investment outlook would persist for a number of years. 

The average German worker produces more in four days than their counterpart in the UK does in five. The result is that UK workers work longer hours for lower pay than many of their peers in other countries. In addition, the UK has a rapidly aging population which will require a much stronger tax base. With fewer young immigrants coming in, it will mean that the productive population that pays for old age care will shrink, meaning poorer services or (and) higher taxes.

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