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https://commonslibrary.parliament.uk/re ... s%20worked.UK productivity was 16% below the average of the rest of the G7 countries, the largest since at least 1995 (when the ONS data series began). More recent evidence from the OECD showed that the UK’s productivity gap with the G7 average is not as great as previously thought, due to the different ways countries measure hours worked.
Not sure you're reading the chart properly. It shows that the UK poor has made the most improvement during the period shown - certainly against the EU countries and that the gap between poor and rich, although great, has diminished considerably.Richard Frost wrote: ↑Thu Jun 23 2022 11:07amWell nothing really surprising, It seems to be consistent that since Brexit and under this government the UK has been worse of Than most other major countries.
https://commonslibrary.parliament.uk/re ... s%20worked.UK productivity was 16% below the average of the rest of the G7 countries, the largest since at least 1995 (when the ONS data series began). More recent evidence from the OECD showed that the UK’s productivity gap with the G7 average is not as great as previously thought, due to the different ways countries measure hours worked.
" I see a shocking gap between rich and poor in Britain for 2000 (light red/blue) and even worse for 2015 (dark red/blue)."Sarah wrote: ↑Fri Jul 01 2022 12:15pmWhich chart are you looking at? If it's the Economist graph that I posted, I don't know how you reached that conclusion. I see a shocking gap between rich and poor in Britain for 2000 (light red/blue) and even worse for 2015 (dark red/blue). The poor became a bit poorer here; while the rich got a lot richer. This data is now 7 years old, of course, so doesn't cover any time after the UK left the EU.
As mentioned in another post, the data refers to *regions* of the country, not people. The financial services sector in UK is large and concentrated, with the result that GDP per capita in London is very high compared to everywhere else.
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