iiinova — where your digital self keeps evolving

Reposted by Tom Wickersham

Resolution Foundation @resolutionfoundation.org · 09/02/2026

Slowing dynamism is a key culprit in slowing productivity growth. One standard measure of dynamism is job churn - this mostly fell in the UK in the two decades before the pandemic. Jobs lost to exiting firms in 2024 were the highest since 2011, but other components of job reallocation remain weak.

Figure 8 shows one standard measure of dynamism known as job churn, which sums up
employment growth in new and growing firms and employment losses in shrinking or
closing firms. When churn is high, firms are growing and shrinking rapidly. Churn mostly
fell in the UK in the two decades before the pandemic, as it did around the world.

Churn has been broadly flat over the past decade, having fallen markedly in the decade
before that. But a close look at Figure 8 reveals that job destruction among exiting firms
picked up in 2024 to its fastest rate since 2011. This is not a turnaround by any means,
and is offset by lower destruction among incumbent firms, but it is a ‘green shoot’ of
improvement to the supply side of the economy.

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Reposted by Tom Wickersham

Tera Allas CBE @teraallas.bsky.social · 08/12/2025

Fascinating new analysis by the ONS on UK #business #dynamism and #productivity. Firms employing a third of workers in the non-financial business economy contributed negatively, and the next third only marginally, to productivity #growth. Full ONS analysis: bit.ly/48Yhqqn

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Tom Wickersham @twickersham.bsky.social · 08/12/2025

Today we published our annual bulletin Trends in UK business dynamism and productivity: www.ons.gov.uk/economy/econ... To help users explore the rich detail in the business dynamism statistics, we are also piloting an interactive dashboard: ons-dynamism.shinyapps.io/lbd_dashboar...

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ESCoE @escoeorg.bsky.social · 14/08/2025

It's well-established that UK firms engaged in international trade are more productive, but why? New analysis from @christinavpalmou.bsky.social and Kyle Jones (ONS) offers new evidence: tinyurl.com/5c9mazpa

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Tom Wickersham @twickersham.bsky.social · 27/05/2025

On 22 April we published new analysis comparing management practices in the public and private sectors. Previous research shows that good management practices are linked to higher productivity and other positive outcomes for organisations. www.ons.gov.uk/economy/econ...

ons.gov.uk

Public and private sectors in the UK, comparisons of management practices - Office for National Statistics

An analysis of structured management practices and organisational characteristics, as reported in 2023 across the public and private sectors in the UK.

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Reposted by Tom Wickersham

ESCoE @escoeorg.bsky.social · 22/05/2025

Another busy room for this panel on trade and productivity in British firms with @grantfitzner.bsky.social, @christinavpalmou.bsky.social, Swati Dhingra, Gregory Thwaites, Mairi Spowage and @sophie-piton.bsky.social. #EconStats2025

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Reposted by Tom Wickersham

Jakob Schneebacher @jschneebacher.bsky.social · 09/04/2025

The UK will soon have a new industrial strategy. What can we learn from past policies, and from examining the sectors in the government's recent green paper? Our new CMA report looks at the data. www.gov.uk/government/publications/… 1/

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Tom Wickersham @twickersham.bsky.social · 24/03/2025

Today we published further analysis of the Management and Expectations Survey 2023, focusing on the relationship between management practices and the adoption of technology and artificial intelligence: www.ons.gov.uk/economy/econ... #econsky

ons.gov.uk

Management practices and the adoption of technology and artificial intelligence in UK firms - Office for National Statistics

Investigating how technology adoption and use of artificial intelligence by businesses vary with management practices.

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Reposted by Tom Wickersham

ESCoE @escoeorg.bsky.social · 27/01/2025

At tonight’s #NationalProductivityWeek event with @productivity.bsky.social and @resmedia.bsky.social we’ve have presentations from ONS, TPI, Scaleup Institute and CBI.

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Reposted by Tom Wickersham

Giles Wilkes @gilesyb.bsky.social · 11/12/2024

My first big blog of the BlueSky era! Examining the multiple claims (found in @financialtimes.com and elsewhere) that Tech sector success is the main factor in US outperformance ... The answer is: it's not that simple freethinkecon.wordpress.com/2024/12/11/u... Thread later, maybe tomorrow

freethinkecon.wordpress.com

US outperformance isn’t *all* about Tech

Failure brings some benefits. UK growth and productivity performance over the past 15 years has been *so* dire that an economy, formerly facing the challenges of being at the Frontier, is instead i…

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Reposted by Tom Wickersham

Jakob Schneebacher @jschneebacher.bsky.social · 09/12/2024

The UK Longitudinal Business Database allows any accredited researcher in the ONS Secure Research Service to track the near-universe of UK firms at quarterly frequency and to link them to other administrative and survey data sources. I have written about it here. #EconSky

escoe.ac.uk

The UK Longitudinal Business Database – What it is, what it can do, and why we need it - ESCoE

JAKOB SCHNEEBACHER How quickly does firm entry and exit respond to changes in the economy? […]

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Reposted by Tom Wickersham

ESCoE @escoeorg.bsky.social · 09/12/2024

ONS has also just published a new report on business dynamism. tinyurl.com/4w5ku5xk Great to see an ESCoE technical report on the UK Longitudinal Business Database referenced in this ➡️ tinyurl.com/mwr79n3p

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Tera Allas CBE @teraallas.bsky.social · 05/12/2024

Enjoyed being on the panel on the ONS's analysis of #business #dynamism (bit.ly/41mctVf ). Needs attention if we want #productivity #growth. One example: the 50% of firms in the bottom half of productivity distribution contributed almost nothing to productivity growth in the last 20+ years.

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Reposted by Tom Wickersham

ESCoE @escoeorg.bsky.social · 05/12/2024

Great to see ESCoE work referenced at an ONS and Department for Business and Trade event on business dynamism today.

Photo shows a speaker from ONS and slides.

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Reposted by Tom Wickersham

Dan Mawson @diepingu.bsky.social · 05/12/2024

Really good ONS / DBT event today on business dynamism - how the UK is doing (not great) and what can we do about it.

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Reposted by Tom Wickersham

Josh Martin @joshmartinecon.bsky.social · 05/12/2024

I'm at ONS & Department for Business and Trade event this morning in business dynamism, #productivity and growth. First, @twickersham.bsky.social describes new ONS work on dynamism and firm-level productivity. Most of the productivity slowdown post-GFC due to the middle of the firm distribution.

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Yannis Galanakis @yannisgalanakis.bsky.social · 05/12/2024

@twickersham.bsky.social gave an amazing presentation this morning at the 'Stimulating UK economic growth through dynamism' featuring our dashboard data

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Jakob Schneebacher @jschneebacher.bsky.social · 03/12/2024

The ONS today published its latest productivity and business dynamism bulletin. Headline figures: no change year-on-year to average markups, job reallocation or the overall labour productivity distribution. www.ons.gov.uk/economy/econ... 1/

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Tera Allas CBE @teraallas.bsky.social · 03/12/2024

Fascinating ONS analysis on business dynamism and productivity (bit.ly/41mctVf ). The UK suffers from a 'big bulge' of below-average firms: >70% of employees work in firms with productivity below the mean. Also, older, large firms and micro, new firms key to job creation. #dataisbeautiful

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Yannis Galanakis @yannisgalanakis.bsky.social · 03/12/2024

Anthony Savagar and I are working on a *real-time* #BusinessDynamism project In our dashboard we visualise the entry and exit of UK-registered companies: asavagar.shinyapps.io/BusinessDyna... Soon a working paper is coming

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Tom Wickersham @twickersham.bsky.social · 03/12/2024

New analysis from our team today: the 2024 edition of our annual 'Trends in UK business dynamism and productivity' statistical bulletin: www.ons.gov.uk/releases/tre... Essential reading for understanding how firm-level trends influence overall UK economic growth. A few highlights follow. #econsky

ons.gov.uk

Trends in UK business dynamism and productivity: 2024 - Office for National Statistics

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Tom Wickersham @twickersham.bsky.social · 25/11/2024

We have organised a joint ONS and DBT event in London on Thursday, December 5 to discuss how to measure and improve business dynamism as the government develops plans for its economic growth mission. You can sign up to attend here: www.eventbrite.co.uk/e/stimulatin...

eventbrite.co.uk

Stimulating UK economic growth through dynamism: New data and policy ideas

To discuss how to measure and increase economic dynamism as the government develops plans for its economic growth mission.

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Reposted by Tom Wickersham

Jakob Schneebacher @jschneebacher.bsky.social · 16/11/2024

Yesterday saw the conclusion of our third annual CMA-Durham workshop on market power. The programme and atmosphere were excellent, and I was particularly happy that we managed to yet again bridge the academia-government divide. Let me flag a few papers I particularly enjoyed. 1/

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Jakob Schneebacher @jschneebacher.bsky.social · 24/10/2024

We are grateful to the ONS and CompNet for creating and making accessible crucial microdata resources. Data creation is a public good, and as researchers we are indebted to those who provide it. 27/

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Jakob Schneebacher @jschneebacher.bsky.social · 24/10/2024

How has competition changed across the UK economy over the past two decades? The CMA has just released our report on the state of UK competition. Let me pick out a few key narratives. #EconSky www.gov.uk/government/publications/… 1/

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Jakob Schneebacher @jschneebacher.bsky.social · 21/10/2024

The ONS has today released results from two new data collection efforts on public-sector productivity: a public-sector version of the existing Management and Expectations Survey and a public-sector time use survey. Overall, management practices look similar in the public and private sectors. 1/

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Jakob Schneebacher @jschneebacher.bsky.social · 18/09/2024

Policymakers often need to design policies quickly in the face of crises, but analysis required for evidence-based policymaking is published with a significant lag. So what can researchers do help? A thread on a new paper with my wonderful coauthors @trfetzer.com and Christina Palmou. 📈📉 (1/28)

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