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BBCNEWS BBC News June 4, 2024 19:55:00

Productivity gap. four and five are already in work, so if we want to raise productivity, we need to do more to support those already in work. and since the financial crisis, the rate of increase that innovation has slowed considerably. a weakness that explains almost our entire productivity gap with the united states. why is this happening? the problem, i don t believe, is any longer than what the government is doing. net investment is now reaching its highest sustained level since the 1970s. yet capital investment by uk businesses as a percentage of gdp is a lot lower than the oecd average. government funding for education after 16 is increasing. the pm ....

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BBCNEWS BBC News at One March 23, 2022 13:03:00

Last 50 years, innovation drove around half the uk s productivity growth, but since the financial crisis, the rate of increase has slowed more than in other countries and our lower rate of innovation explains almost all our productivity gap with the united states. right now, we know that the amount businesses spend on research and development as a percentage of gdp is less than half the 0ecd average. that is despite us spending more on tax reliefs than almost any other country. something is not working. so we will reform rnd credit so they are effective and better value for money, r&d, and we will consider in the autumn weather to make the r&d expenditure credit more generous. third, capital. weak private sector investment is a long standing cause of our ....

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BBCNEWS BBC News at One March 23, 2022 13:04:00

Productivity gap internationally. capital investment by uk businesses is considerably lower than the 0ecd average of 14% and it accounts for half our productivity gap with france and germany. 0nce half our productivity gap with france and germany. once the super deduction ends next year, our overall tax treatment for capital investment will be far less generous than other advanced economies. we are going to fix that. in the autumn budget, we will cut the tax rate on business investment and i look forward to discussing the best ways to do that with businesses. people, capital, ideas. three priorities for business tax cuts this autumn. mr speaker, i want to help smaller businesses right now, so let me remind the house of our plan. 0ur remind the house of our plan. our business rate discount will take effect in april for retail, hospitality and leisure businesses. they will get a 50% discount on their business rates bill up to ....

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CNNW Your Money June 17, 2012

candidates aren t telling you about what is and what is not within their power to change. but first, i ll tell you about a storm that s raging in the distance. it s headed to our shores. it s an economic storm. it hasn t hit yet. we re starting to feel the outer bands of it. those who watch me every week know, i m generally an optimist. but i understand the u.s. economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they ll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i m talking about. here s the good news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have been fewer jobs created each month than were created than in the month before. but jobs are being created, not lost. so ....

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CNNW Your Money June 16, 2012

right. they think things are slowing down, it will welcome self-fulfilling because they ll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i m talking about. here s got news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have been fewer jobs created each month than were created than in the month before. but jobs are being created, not lost. so that should make people feel better, not worse. let s talk about your homes. a lot of your equity is there. the home prices in the routes probably at or near their bottom. the so-called shadow inventory of homes is lower. foreclosures are up. but those are a new wave of foreclosures from the signing scandal. we re probably near the end of this thing. fewer homes, less inventory makes it a good time to buy. if you re buying a home, at 4% mortgage interest rate or lower on a 30-year fixed mortgage, the r ....

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