Understanding Disparities in Local Productivity in the UK: Are we using the right measure?

ERC Insight Paper

Associated Themes
  • Productivity and performance

The pandemic has brought about difficult times for many businesses in the UK. Currently, with the onset of a second wave, and the end of the Brexit transition period nearing, the road to economic recovery looks arduous. Inevitably, the rate of job and firm destruction will increase but for those businesses that manage to survive, sustainable long-term productivity will be key to recovery and growth. However, are we using the right measure of an average when looking at productivity?