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CEP election analysis

Growth and productivity

The collapse in productivity growth underlies many of the problems of the UK economy – from squeezed public services to stagnant living standards. Productivity growth in the UK has been weak relative to its own past and to its international peers. Improving productivity is the only route to sustainable improvements in overall growth and living standards.

Anna Valero and John Van Reenen

12 June 2024     Paper Number CEPEA057

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This work is published under POID and the CEP's Growth programme.

This publication comes under the following CEP theme: UK productivity and policy