Wyn Thomas - Axys Investment Management

Weekly Market Update 2nd April 2015

UK ELECTION KICKS OFF AMID POOR PRODUCTIVITY DATA

Media has been awash with political events with the official beginning of election campaigns. Worker productivity was the first, after an “unprecedented” slump in GDP produced per hour of labour since the financial crisis left British workers 14 per cent less productive than the French, according to the Office for National Statistics. Naturally, nobody can pinpoint the exact causes, but it implies that Britain’s outstanding GDP growth is being driven by more people getting jobs rather than increasing efficiency within the existing work force Read More