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16 March 2004

PRODUCTIVITY IN THE UK 5: BENCHMARKING UK PRODUCTIVITY PERFORMANCE

A CONSULTATION ON PRODUCTIVITY INDICATORS

The Government is considering moving towards a focused set of national productivity indicators in order to benchmark the UK’s productivity performance against its main competitors. This consultation document proposes a set of intermediate indicators based around the ‘five drivers’ framework. The document invites views on the following areas:

The proposal to move towards a focused set of productivity indicators that could be used to track progress towards the specific objective of raising the rate of UK productivity growth over the economic cycle, and narrowing the productivity gap with its competitors.
The proposed set of indicators, and data, to monitor progress on the five drivers of productivity.
The applicability of using a similar set of regional productivity indicators, and appropriate indicators to monitor at a regional level.
The methodology used to calculate the evolution of the productivity gap over time.

HM Treasury and the Department of Trade and Industry will be inviting interested parties to attend a roundtable discussion to hear the views on the consultation document, if you would like to attend please contact us at the email address below.

This consultation opened on 15th March 2004. Reponses should be sent by 4th June 2004 to:

Charanjit Ransi
Strategy Unit, Room 538
Department of Trade and Industry
1 Victoria Street
London SW1H 0ET

Tel: 020 7215 5000
Fax: 020 7215 6691

Email: indicatorsconsultation@dti.gsi.gov.uk

Responses may be made public unless respondents request otherwise.

The document ‘Productivity in the UK 5: Benchmarking UK productivity performance’ is available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

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External links

DTI UK Productivity and Competitiveness Indicators 2003 http://www.dti.gov.uk/economics