Although people in the UK work more hours, specifically one more day, than Germans, they are not as productive. In addition, people in Germany do not earn as much money as workers in the United Kingdom. This information backs up the oft-quoted claim that it’s better to work smarter than to work harder.
- On average, it actually takes German workers about four and a half days to make what a UK worker makes in five.
- At the same time, every hour worked in London produces something that would sell for 30% more than the average across the UK as a whole.
- The Chancellor said that was why the government plans to borrow money to fund infrastructure and innovation.
“People think it can be improved by investment in things like infrastructure, education, management and technology.”