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**Hugh** · 18-08-2022, 11:08

Quote:

Originally Posted by Damien

https://www.theguardian.com/politics...droidApp_Other

Quote:

Liz Truss, now the Tory leadership frontrunner, launched an astonishing broadside against British workers, saying they needed “more graft” and suggesting they lacked the “skill and application” of foreign rivals, the Guardian can reveal.

In a leaked recording, the then No 2 at the Treasury also risked pitting Londoners against the rest of the country by attempting to explain the difference between the capital and other regions in the UK.

Quote:

In the leaked recording, Truss began: “I once wrote a book about this which got mischaracterised – British workers produce less per hour than … and that’s a combination of kind of skill and application.”

She went on: “If you look at productivity, it’s very, very different in London from the rest of the country. But basically … this has been a historical fact for decades. Essentially it’s partly a mindset and attitude thing, I think. It’s working culture, basically. If you go to China it’s quite different, I can assure you.”

The minister, who had close oversight of public spending, added: “There’s a fundamental issue of British working culture. Essentially, if we’re going to be a richer country and a more prosperous country, that needs to change. But I don’t think people are that keen to change that.

“There’s a slight thing in Britain about wanting the easy answers. That’s my reflection on the election and what’s gone before it, and the referendum – we say it’s all Europe that’s causing these huge problems … it’s all these migrants causing these problems. But actually what needs to happen is more … more graft. It’s not a popular message.”

She keeps London out of her accusation so, as a Londoner, what's wrong with the rest of you?

https://www.reuters.com/business/wea...ty-2021-11-15/

Quote:

Low business investment, weak management and too few commercial patents are the main factors behind Britain's weak productivity record that has been a puzzle for policymakers for years, according to new research published on Monday.

The study, by researchers at the London School of Economics and the Resolution Foundation think tank, said low business investment was the clearest difference between Britain and higher-productivity nations.

Business capital investment in Britain was 10% of gross domestic product in 2019, compared with 13% on average in the United States, Germany and France.

British business investment in research and development also lagged behind levels in other countries.

Interesting article from the Telegraph.

https://12ft.io/proxy?q=https://www....ty-crisis-why/