Labour’s 32 hour week proposal is amongst their most dangerous policies. Currently full-time employees work on average 37.3 hours a week. This proposal would reduce productivity by over 16%. The economists can grind that number to determine the reduction in GDP and profitability but I think we can guarantee that it won’t be a positive outcome.<\/p>\n\n\n\n
The proposal will also create significant gaps in essential services – healthcare, policing, fire fighting. It is hard enough right now to access healthcare due to staff and skills shortages, let alone if their hours are cut.<\/p>\n\n\n\n
The Labour suggestion is that this change would be phased in over 10 years. That isn’t really a consolation other than giving big businesses a fairly long lead time to pack their bags and leave the UK for more sensible, more productive, and more profitable locations. They haven’t got far to go – Ireland is close by.<\/p>\n\n\n\n
The country could not afford to pay pensions at 60\/65 and it is now rising to 67, an additional 11,500 hours for women, 3,300 for men. For younger workers retiring at 68, add a further 1,600 hours to that. So we all have to work longer to pay for our retirement. It’s a policy backed by all the main parties. McDonnell is now saying we can take off 10,000 hours by working 4 day weeks throughout our working life. What was the point of that? He can’t add up, clearly, and that’s pretty dangerous for a Chancellor.<\/p>\n\n\n\n
There is an interesting article <\/a>on Lib Dem Voice at the moment where Eddie Sammon makes a case in favour by using voluntary tax breaks for employers. It’s a better approach but some of the comments are not quite as supportive. I particularly chime with what has it got to do with the Government what hours I work. Preventing exploitation is the Government’s job so progressively reducing the maximum working week from 48 to 45 hours, and including all NHS workers, is a good idea. For environmental reasons, working your average 37.3 hours over 4 days instead of 5 makes sense and a lot of people already do that. Neither require a 16% reduction on the average working week.<\/p>\n\n\n\n If I may quote Eddie’s final line: “I still believe that GDP growth is desirable, but as Jacinda Ardern and Jo Swinson have said, a country\u2019s prosperity cannot be judged on economic growth figures alone.” I completely agree with the latter sentiment although I am not convinced GDP growth is that desirable in a stable and wealthy economy as it sucks up natural resources in creating ever more growth. What we should be looking at is distributing GDP somewhat fairer than we currently do.<\/p>\n","protected":false},"excerpt":{"rendered":" Labour’s 32 hour week proposal is amongst their most dangerous policies. Currently full-time employees work on average 37.3 hours a week. This proposal would reduce productivity by over 16%. The economists can grind that number to determine the reduction in GDP and profitability but I think we can guarantee that it won’t be a positive… Continue reading Time Up Labour<\/span>