Labour productivity – that is the output per unit of labour (either in terms of persons or hours worked) – may change due to the amount of capital or machinery put at the service of workers, technological progress or managerial efficiency gains, or the current economic situation leading to higher or lower capacity utilisation.
While not confirmed, current discussions indicate that the way in which we will interact with the United Kingdom in the area of financial services will be based on the EU’s existing equivalence regime, with some expected enhancement.