LOW BRITISH PRODUCTIVITY —“Low productivity is the number one problem Britain

LOW BRITISH PRODUCTIVITY

—“Low productivity is the number one problem Britain faces,” says Van Reenen. Even before the crisis, it lagged behind other rich countries. The latest data suggest UK output per hour worked is 30 per cent below US levels, and 17 per cent below the G7 average (at purchasing power parity).—

John van Reenen, Professor at the London School of Economics