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

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. [...] that firms with above-median productivity Outer London - Change: 1.58% levels (in the 6th to 9th decile of the 0% West and North West Firms distribution) have accounted for the lion’s share of the productivity slowdown in the Shropshire and Inner London - Staffordshire Firm-level data from the Office for non-financial business economy since the East National Statistics show that the financial cris. [...] There is debate needed about the extent to which supply side of the labour market in those plenty of evidence of a strong relationship companies are adequately training and regions, causing a decline in the wage between health and well-being and the incentivising employees to stay in work How can the UK accelerate investment There is no simple solution to the premium for highly skilled work, excep. [...] Indeed, the in London.17 However, the link appears increasingly the whole of the country, including ‘productivity puzzle’ can be imagined broken, especially at the lower end of the skills, intangibles, and in the net zero as a complicated 1,000-piece jigsaw. [...] This applies Professor of Economics, economic growth in the context of the to new ‘hard’ technologies (machinery, Alliance Manchester Business School industrialisation of the UK since the 18th structures, ICT hardware), and often also 22 23 UK Investment: the facts Looking at the composition of output Equipment and machinery " From the period of Figure 2: International in the UK over the past half.