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
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