Only 11% of UK businesses intend to increase investment in the near term. Yet, few firms cite access to finance or inadequate returns as a reason.
Read our @productivity.bsky.social research on how UK managers' attitudes may be constraining profitable investment:
bit.ly/4atmsvu
#dataisbeautiful
The UK's investment problem is well known (Y-axis). What surprised me was the X-axis. We complain about the "nanny state", but when global energy or food prices rise, the conversation quickly shifts to what the government should do. #dataisbeautiful
Really enjoyed contributing to this excellent article on UK #productivity!
Some potentially good news on UK #productivity turning a corner. However, re-basing the data and looking at the longer term illustrates how tentative this is. #dataisbeautiful
How should governments respond when AI’s economic impacts remain deeply uncertain?
A new piece on “strategy under uncertainty”: no-regrets moves, optionality, and why policy should avoid overcommitting to any single AI future:
teraallas.substack.com/p/ai-and-the...
#dataisbeautiful
It was great to contribute to this article on UK #productivity by Ben Zaranko, alongside Gregory Thwaites, Peter Dixon and others. The retail and wholesale story is consistent with capital deepening; does not apply to all other sectors... observer.co.uk/news/busines...
New UK job-ad data suggests AI exposure is not affecting all jobs equally. AI seems to be displacing routine office and service work—not graduate occupations. So far, this looks like an acceleration of a much older labour-market trend. #dataisbeautiful
open.substack.com/pub/teraalla...
What is holding back the #investment that we so desperately need for #productivity growth?
One reason could be that the UK population, and its managers, are consistently more risk averse than comparator countries'.
Read our new research: bit.ly/4atmsvu
New UK job-ad data suggests the labour market for young graduates is weakening significantly. But the story is more complicated than “AI is replacing graduates”.
#dataisbeautiful
open.substack.com/pub/teraalla...
Enjoyed contributing to this balanced piece by Sam Fleming, Valentina Romei and Philip Stafford in the FT (link below). We might be entering another cycle of differential inflation for households. Latest ONS data on this published today (see chart).
giftarticle.ft.com/giftarticle/...
As unemployment hits a decade high, early signs of a productivity rebound suggest that government plans may be working
In Finland, @teraallas.bsky.social tells me that it’s common to see unmanned petrol stations and automated pizza vending machines – that’s what proper capital deepening in response to high labour costs looks like.
