The Productivity Agenda - A blueprint for how the public and private sector

The case for A succession of shocks including the However, the exploration also includes institutional reform is all the greater given financial crisis, Brexit, Covid, international the cross-cutting themes of the green the UK’s poor performance and immense conflicts and the energy crisis have already technology transition and the extreme challenges. [...] ONE: TWO: THREE: Chronic and broad-based Inadequate diffusion of Institutional fragmentation underinvestment in the productivity-enhancing practices and lack of joined-up UK economy between firms and places policies The UK has experienced a slowdown in While the UK is very active at the frontier The UK is characterised by a dichotomy investment growth in recent decades that of science and knowledg. [...] that firms with above-median productivity levels (in the 6th to 9th decile of the Firms distribution) have accounted for the lion’s share of the productivity slowdown in the Firm-level data from the Office for non-financial business economy since the National Statistics show that the financial crisis. [...] 13 productive regions in the UK, notably Mental health issues in the workplace the 'golden triangle' (London and the are widespread, and have likely increased Oxford-Cambridge arc), the job demand since the pandemic, to the detriment of for non-graduate tech skills is much more human capital and productivity.21 equally spread around the country. [...] This applies economic growth in the context of the to new ‘hard’ technologies (machinery, industrialisation of the UK since the 18th structures, ICT hardware), and often also 22 UK Investment: the facts Looking at the composition of output Equipment and machinery " From the period of in the UK over the past half century or so, Figure 1 shows the deviation of the This decline was dominated by a fal.