The 15th of July marks the birthday of feminist activist Emmeline Pankhurst, born 159 years ago in Manchester, who spearheaded the suffragette movement. Her ultimately successful fight for women’s voting rights remains one of the most important milestones in changes to the laws governing the electorate in the UK over the last 185 years.
At its simplest, the UK economy, like any other, is a system which converts work into the output of goods and services. Productivity measures this rate of conversion. Historically, productivity has trended upwards over time: more goods and services have been produced per hour worked. This has allowed living standards to rise.