Roundup Newswires

Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network

Great British slowdown has hamstrung our economy – thinktank

Posted on September 24, 2023 by Admin

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The UK needs more businesses to fail, or at least shrink, to solve the economy’s long-running productivity crisis, a study has argued.

The country’s lack of “economic dynamism”, whereby weaker firms or lower productivity sectors shrink, and more productive ones grow, has caused GDP to be 4% lower between 2008 and 2019 than it would otherwise have been, according to a paper published on Monday by the Resolution Foundation.

Nearly 4m fewer UK working days in past year due to strike action, study says

Posted on August 13, 2023 by Admin

Resolution Foundation report says much of industrial action ‘fuelled’ by public sector workers’ anger over falls in real-terms pay

About 3.9m working days have been lost to industrial action in the past year, more than at any point since the 1980s, according to a new analysis.

The Resolution Foundation, which focuses its research on low- to middle-income households, said many of the strikes were “fuelled” by anger among public sector workers over real-terms pay declines, which amounted to an average cut of more than 9% since 2021, adjusted for inflation.