Productivity is a critical issue threatening the future competitiveness of the UK economy. In fact, recent government figures highlighted the biggest gap between the UK and other leading western economies since records began in the early 1990’s. Alarmingly, the UK lags far behind the US, Germany and France. This cavity has created leeway for other businesses and nations to exploit the UK’s inefficiencies, putting the UK economy at further risk of decline.
So how did productivity become Britain’s Achilles heel and what can be done to close the ever-widening gap?
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