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Latest News

UK is the business when it comes to adding value

by Personnel Today 5 Apr 2004
by Personnel Today 5 Apr 2004

Wealth
creation among UK companies is up – and increasing faster than the rest of
Europe, according to the 2004 Value Added Scoreboard, published today by the
DTI.

The
scoreboard, which lists the value added (wealth created) for the top 600
European and top 800 UK companies, is good news for UK business. Since last
year, value added by the top 800 UK companies has increased by 4 per cent
compared with a 1 per cent increase by the European top 600.

There
are more UK companies in the European 600 than any other country (165) with a
combined value added of £315bn. Second is Germany with 89 companies (£295bn),
followed by France with 83 (£246bn).

Secretary
of state for trade and industry Patricia Hewitt said: "Efficient wealth
creation and reinvestment by business is vital to the continued growth of the
UK economy and our future prosperity."

"The
scoreboard highlights the importance of investment in R&D, skills, brands
and market development," she added.

By Mike Berry

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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