Wellbeing | More holidays and increased pay is key to better productivity

Offering staff members more public holidays and increasing wages could raise productivity and lead to a boost in the British Economy, a new report has found.

According to a recent report by the New Economics Foundation driving up the spending power of consumers would give businesses a greater incentive to raise their productivity, as they would have a greater confidence in their products or services selling to consumers.

The idea that giving workers more cash to spend comes as the UK faces more struggles to improve the efficiency of the British economy as Brexit looms closer.

The UK previously improved its productivity levels by two per cent year-over-year across the last four decades before the 2008 financial crisis hit.