Output per hour grew fastest in North West in 2020

Labour productivity grew by 4.6% in the North West in 2020 compared with 2019, the fastest in the UK and far ahead of the UK average of 0.4%, data from the Office for National Statistics reveals.

Productivity growth was also especially pronounced in Northern Ireland (3.5%) and London (2.7%), while the situation was less favourable in the West Midlands (-1.4%) and Yorkshire and the Humber (-0.9%).

The Scottish economy also shrunk by 0.2%, while the Welsh economy grew by 0.3%.

The ONS said that the wide variation in growth across the country may reflect differences in how the COVID-19 pandemic and following restrictions and lockdowns affected the economies in different UK countries and regions.

In Q4 2020, GDP was up in all UK nations compared to the previous quarter: 1.2% in England, 0.7% in Northern Ireland, 2.3% in Scotland and 0.9% in Wales.

Talk to us about your business.

Let's talk. We're here to help get you started.

Our team of accountants in Hertfordshire is ready to provide the personalised support your business needs to thrive.

Your questions answered

How can Barley Grove help my start-up grow?

We provide tailored accounting and financial advice for start-ups, including cashflow management, financial forecasting, and strategic growth advice to help you succeed from the start.

Do you offer consultations outside of regular business hours?

Yes, we offer flexible consultations, including outside of regular business hours, to accommodate your busy schedule and ensure you get the support you need.

How do I switch accountants to Barley Grove?

Switching to Barley Grove is simple. We’ll manage the process, liaise with your previous accountant, and handle the paperwork to ensure a smooth transition.

Will switching accountants affect my current accounts?

No, switching accountants won’t disrupt your business. We’ll ensure a seamless handover of financial records and take care of the details for you.

Quickbooks logo
Xero Silver partner logo

Sign-up for our newsletter

By submitting your details you agree to receive email marketing from Barley Grove and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

10-14 Old Wallfields,
Peg's Lane,
Hertford,
SG13 8EQ