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The complexity of measuring productivity of the UK workforce

from Raconteur

In recent years the UK's economic performance has outshone that of other countries, with steady growth in jobs and new businesses. However, one area where the UK is lagging behind other major economies is in its productivity, a key metric of future prosperity. Given the UK's otherwise strong economic outlook it is a source of concern and frustration, but there is more to this than meets the eye. Measuring productivity is at best an inexact science and becomes more difficult as the economy becomes more complex. more

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