Let boardrooms look beyond shareholder returns to drive productivity, report urges

Adapting business laws to include benefits other than profit in decision-making could add 149bn to UK economy, says Demos thinktank

Britain's economy could receive a 149bn boost from a change to UK business laws that would ensure companies put social, economic and environmental benefits at the heart of their decision-making, according to a report.

With the UK on course for the second lowest growth rate in the G7 group of leading economies in 2023, the study by the thinktank Demos said it was clear that cutting taxes or raising public spending had not been effective at driving economic growth.