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  • Productivity boost for UK’s ailing economy

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    February 7th, 2011JohnBritish Economy

    Scotsman.com:

    Medium-term prospects for the British economy may have improved after a report today pointed to faster productivity growth in three quarters of the UK’s “regions”.

    Research by the Centre for Economics and Business Research (CEBR) suggests that productivity, or output per worker, is set to accelerate in nine out of the 12 regions between now and 2015 compared with 1998-2008.

    The biggest increase in productivity growth is forecast for Wales, rising from an annual rate of just 0.6 per cent to 1.5 per cent. Other regions where a substantial improvement is expected include Yorkshire and Humberside and the West Midlands.

    Less significant rises are forecast for Scotland, where output growth is predicted to nudge up from an already robust 1.3 per cent to 1.4 per cent, Northern Ireland and the north-east of England.

    Read More: http://business.scotsman.com/business/Productivity-boost-for-UK39s-ailing.6712579.jp

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