Article 22VFM Why is UK's productivity still behind that of other major economies?

Why is UK's productivity still behind that of other major economies?

by
Phillip Inman Economics correspondent
from on (#22VFM)

Dismal trade, growth of low-level service jobs with low-level pay, and a chronic lack of investment only partly explain the gap

Extra funds for new roads, research and development and skills training will drive up UK productivity and put the economy in a better position to withstand the looming Brexit shock.

That was the central message in Philip Hammond's autumn statement and went to the heart of a debate about the UK's low productivity growth, which according to official figures, has fallen well behind Germany, the US, France and Italy.

Related: Business leaders call for 'tarmac and telecoms' from productivity fund

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments