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UK’s productivity: Policies & Research to solve the UK’s productivity puzzle

UK’s productivity: Policies & Research to solve the UK’s productivity puzzle

UK’s productivity problem is a complex puzzle. The problem really matters because productivity is the main determinant of national living standards. Any country’s ability to improve its standard of living over time depends almost entirely on its ability to raise output per worker.

How should local and national governments intervene to help businesses improve their productivity? And what can those businesses do to help themselves? Policy interventions and strategies should be designed in line with 3 principles:

  • Target companies in the long tail of productivity laggards that have potential to improve.
  • Holistically strengthen all the factors affecting their productivity.
  • Engage target companies using the right channels and incentives.

This research has been undertaken and complied by SQW Group with contribution from Oxford Innovation.