Daventry’s workers make £28.58 an hour for UK’s economy
Daventry’s workers make £28.58 an hour for the UK’s economy, figures published for the first time reveal.
It means the area’s workforce is less productive than the average across the country – and leaves it a long way behind some parts of London.
A leading policy think tank said the “productivity output gap” is one of the biggest challenges facing the British economy.
Advertisement
Hide AdAdvertisement
Hide AdNew figures from the Office for National Statistics show Daventry had a gross value added of £28.58 per hour worked in 2018, an increase of three per cent on 2017, and means the area is below the UK average of £35.03 per hour.
GVA is the final value of the goods and services produced in an area and is used to measure contribution to the national economy. The East Midlands has an average GVA of £30, making it the third-least productive region.