The London School of Economics’ Centre for Economic Performance found, opens new tab that productivity now is 26% lower than if it had followed its trend between 1979 and 2007. It’s also below the U.S., Germany and France. The LSE research shows that Britain’s workers didn’t receive enough capital – technology, training and machinery. In other words, underinvestment is holding back the UK economy.
This article makes reference to CEP Election Analysis (June 2024) Growth and productivity by Anna Valero and John Van Reenen
Read more at Reuters.