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Thursday, 3rd July 2014

UK: Mending the Fractured Economy: Smarter State, Better Jobs (Adonis Review)

Source: Policy Network (UK)

From Executive Summary:

At long last, the economy is growing. But the UK economy is not creating the productive, high- skilled and well-paid jobs that we need to raise living standards. In the past, a growing economy brought shared prosperity. Yet now, most people are working harder, for longer, for less, even as the economy grows.

Seven facts characterise the UK’s fractured economy:

• Productivity – output per worker – is a fifth lower than the G7 average and remains below 2008 levels.
• Research and development investment in Britain is more than a quarter lower than the OECD average, both in the public and private sectors.
• Four fifths of all net jobs created since 2010 are in London. Beyond London, only one of England’s large secondary cities is above national per capita GDP.
• Britain is rated 28th globally for infrastructure by the World Economic Forum.
• Youth unemployment, at 850,000, accounts for nearly one fifth of young adults and skills shortages are consistently rated a major obstacle to growth, including in the employers’ survey for this review.
• Since 2010 job creation in low-paid sectors has increased at twice the rate of the economy at large.
• Britain’s balance of payments deficit recently reached the highest level since records began in 1955, reflecting weak export growth and innovation.

+ Link to report via this page (PDF; 2.7 MB)



Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »

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