The Office for National Statistics (ONS) estimates that the UK’s Human Capital was worth £16,686 billion in 2009; more than two-and-a-half times as much as the net worth of our combined financial and non-financial assets (£6.669 billion, according to the Blue Book). This is amazing.

Two days ago the Department for Business, Innovation and Skills launched a consultation on The Future of Narrative Reporting.

So far, the media have been fairly quiet about this. The few publications who’ve reported it either simply quote/summarise the COI press release, or else use Directors’ Pay as a hook: see, for example, Helen Gilbert’s article in Personnel Today, and the Labour and Capital blog by Tom Powdrill, of PIRC. Maybe everyone else is studying the consultation document carefully, like we are, before commenting publicly.

Important as Directors’ pay is, we hope that there will be more than that involved in the responses to the consultation, and in the Coalition Government’s commitment to reinstate the Operating and Financial Review.

HubCap's Director, Michael Reddy, will give a talk about the powerful role of human capital analysis at “Human Capital: 2010 and beyond”, a one-day conference on 30th Sept 2010 run by The Human Capital Forum in Central London.