teraallas.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

One of the reasons for lackluster UK #growth has been weakness in #consumer #demand. Gross disposable incomes, and wages, have actually been growing, but people are saving a bigger proportion of their income. A big driver of this is #uncertainty. #dataisbeautiful

submitted 9 hours ago • 0 comments

The key to improving living standards is #innovation. But it's not mostly about leading edge #tech or R&D. Actually turning innovations into things that are valuable to users is mostly about #business #culture: embracing workers' ideas and staying relentlessly #customer #centric.

submitted 2 days ago • 0 comments

UK CPI #inflation in Jan 2025 was back up to 3%, driven by some one-off factors but also broader services inflation still at 5%. Fast #wage #growth will have contributed to the latter. Relative to #vacancies, earnings continued to grow at a robust pace in Dec 2024. #dataisbeautiful

submitted 7 days ago • 0 comments

UK #capital #investment per capita dipped in Q4 2024 and was no higher than in Q4 2017, seven years ago. No wonder we have a #productivity problem. Q4 2024 saw an increase in non-residential buildings and infra, but investment dropped for all other types. #dataisbeautiful

submitted 9 days ago • 0 comments

The UK #economy grew by 0.8% or £20bn in 2024. More than £20bn came from business services and the quasi public sector, with consumer services broadly flat, and a negative contribution from production and utilities. #dataisbeautiful

submitted 13 days ago • 0 comments

Some people are arguing that the #BoE should have cut #interest rates even more, even though #inflation is expected to stay above the 2% target for the whole of 2025. Why? Mortgage rates are a case in point: it takes a long time for Bank rate changes to show up. #dataisbeautiful

submitted 14 days ago • 0 comments

Led by Anita Charlesworth and @teraallas.bsky.social the NHS #ProductivityCommission will begin its work in April 2025. Want to stay informed on its progress? Sign up here ⬇️ https://buff.ly/4hkalCs

submitted 15 days ago • 0 comments

At 2.8%, the US #economy grew 4x as fast in 2024 as the UK. But it's not all about the #tech sector. Big contributions also from retail of motor vehicles, health care, public admin, profesional services, chemicals and pharma. #dataisbeautiful

submitted 16 days ago • 0 comments

The #BoE rate is expected to come down by quite a lot in 2025, despite inflation expectations above the Bank's target. What's interesting in this (very pretty "sea creature") chart is how high the rate is expected to stay (3.7%+) in the longer-term. #dataisbeautiful

submitted 21 days ago • 0 comments

Really pleased to be Co-Chairing this NHS Productivity Commission - even though not expecting any easy answers.

submitted 22 days ago • 0 comments

Sectors such as aerospace and chemicals will see a compounding effect from #tariffs. Around 50% of US imports are not final products but intermediary inputs into US manufacturing, and 14% of those are re-exported as part of global supply chains. #dataisbeautiful

submitted 22 days ago • 0 comments

Really excited to be co-chairing this important commission with the brilliant Anita Charlesworth. Nothing as important as our nation's health, both socially and economically.

submitted 25 days ago • 0 comments

As we wrap up the #NationalProductivityWeek, let's look at sectoral performance. Some sectors, especially ICT, grew much faster than the national average 0.7% p.a.; but many had their output per hour decline substantially. Food for thought for #industrial #strategy. #dataisbeautiful

submitted 26 days ago • 0 comments

I get the air quality and noise issues w Hrow 3rd runway. And the symbolism re climate change. But why has no-one mentioned actual numbers, ie. less than 2% of UK GHG emissions?

submitted 26 days ago • 1 comment

Great that the #NationalProductivityWeek has coincided with the Chancellor's speech about UK growth. This chart highlights the heavy lift that will be required. Post-COVID (Q1 2022 - Q3 2024) productivity growth has been negative at -0.2%. #dataisbeautiful

submitted 28 days ago • 0 comments

"Treasury guidance attaches a monetary value to wellbeing, and the economic value of claiming disability benefits is estimated to be around £12,300 per person." @isabellamcrae.bsky.social covers our new report for the Big Issue: www.bigissue.com/news/social-...

submitted 29 days ago • 0 comments

#RTO and #WFH policies likely have a very differential impact on women vs. men. Women's commutes tend to be shorter, but for the same length of commute, women are much more likely to work from home. #dataisbeautiful

submitted 30 days ago • 0 comments

The UK labour market continues to cool across the board (and the labour market #dragon chart is back!) Unemployment up to 4.4%, vacancies down to 812k, number of unemployed per vacancy now at 1.9 (up from 1.0 in 2022). #dataisbeautiful

submitted 34 days ago • 0 comments

So, no immediate #tariffs announced yet. That doesn't mean no impact: global economic uncertainty has surged since the US election. If this leads to delays in #investment, it could also slow down #productivity growth. #dataisbeautiful

submitted 37 days ago • 0 comments

You may agree or disagree with the specific examples here, but I for one agree that the enormous complexity that is a result of the need to “be seen to be doing something” is damaging to the very outcomes we seek. Gvt decisions should be subject to minimum materiality criteria.

submitted 40 days ago • 0 comments

UK's #GDP growth in Nov 2024 was disappointing. But these month-on-month variations are essentially invisible a bigger picture of very modest growth since before the pandemic. At sectoral level, though, education and some B2B services have grown by more than 10% since 2019. #dataisbeautiful

submitted 41 days ago • 0 comments

There’s much to like about this piece by the PM. The ambition is right. But to actually make money from AI, surely it’s critical the products/services are sold globally?

submitted 44 days ago • 0 comments

Looking forward to chairing this discussion on how C-suite leaders tackle #productivity.

submitted 46 days ago • 0 comments

#AI is everywhere, but most adoption is invisible, in the background, embedded in tech we already use. Only 16% of UK businesses say explicitly that they are using AI, and adoption has increased most among larger businesses. #dataisbeautiful

submitted 48 days ago • 0 comments

The economy divides into traded and non-traded sectors, right? Wrong! Very few sectors have no trade at all, and sectors where more than 10% of gross output is exported account for 60% of the global economy. #dataisbeautiful

submitted 49 days ago • 0 comments

Excellent piece by @vincecable with a set of robust tests for industrial strategy. “A successful industrial strategy breaks down jealously guarded silos” Industrial policy must be practical not performative

submitted 55 days ago • 0 comments

Wishing everyone a great start to the new year when it comes! To mark a year of new challenges and learning, I decided to go ice skating (at this brilliant, free of charge, municipal rink in Helsinki). Took some time for the muscle memory to return… but it’s a start!

submitted 57 days ago • 0 comments

UK #retail #sales increased by a modest 0.2% in November, and retail volume remain well below 2019. Supermarkets, the biggest category, are down 6% from 2019. But pockets of growth: in pharmacies and other non-food; and internet retailing 18% above 2019. #dataisbeautiful

submitted 68 days ago • 0 comments

As a chart (and data) lover, really enjoyed this fun game in the @FT. [Worked surprisingly well on the iPhone.] Got most of it directionally right, but the last one completely wrong... https://buff.ly/49NaPhh #dataisbeautiful

submitted 69 days ago • 0 comments

UK #inflation ticked up to 2.6% in November. Services continued to contribute 2.5%-points. But the increase was due to lower negative energy inflation, higher food inflation, and an increase in "other goods" inflation, e.g., clothes, second-hand cars, and pet-related items. #dataisbeautiful

submitted 70 days ago • 0 comments

UK #labour market continues to cool slowly, with fewer vacancies per unemployed now than at the end of 2019. Vacancies still considerably higher than pre-pandemic average (2002-2019), though, so with uncertainty about #inflation, wage growth continued at a strong 5.2% in Aug-Oct. #dataisbeautiful

submitted 71 days ago • 0 comments

On #WakeUpToMoney on Friday (https://buff.ly/3OPFJfw), I mentioned this data showing that employees in England have the highest qualifications mismatches and among the highest skills and field of study mismatches among OECD countries. Problem for #productivity. #dataisbeautiful

submitted 72 days ago • 0 comments

Doing topic modelling on the corpus of papers in seven economics journals over a century shows first a shift from state to markets, and then the rise of civil society and non market factors in the economy as areas of interest www.sciencedirect.com/science/arti... (HT @mikebrewerecon.bsky.social)

submitted 75 days ago • 0 comments

This has got to stop @bbcstrictly! (You did it last year, too.) This is not a legit use of a pie chart (the way you explained it). There’s a trade off between “educate” and “entertain” and this was not a good balance. #chartcrimes #dataisbeautiful #StrictlyComeDancing

submitted 75 days ago • 0 comments

Great to be on #WakeUpToMoney with @FelicityHannah this morning, discussing #GDP, housing, EV charging, and pets! Listen here https://bit.ly/41xk9nr and check out related #dataisbeautiful chart in comments. UK October GPD fell by 0.1% which, in the scheme of things, is essentially flat.

submitted 75 days ago • 3 comments

A fascinating finding in the 2023 #PIAAC data is that people in countries with the highest skills are also more likely to report that they are under-skilled! No doubt partly cultural, partly workplace expectations, partly who you compare yourself to, and maybe just under-confidence. #dataisbeautiful

submitted 76 days ago • 0 comments