Despite some very minor signs of improvement, UK productivity still remains woefully poor. Even recent signs of growth have been attributed to fewer hours being worked rather than increased output. Whatever steps UK organisations are taking to turnaround productivity it seems that they are not having the desired impact quickly enough.
But, can we really afford to wait?
The Chancellor of the Exchequer, Philip Hammond has suggested that the productivity challenge is at the heart of much of the “disaffection with our politics and society” and that an uplift in productivity could “put right many of the challenges that we are facing across our society.”1
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