Addressing the UK Productivity Challenge
Enhancing UK productivity is key challenge over next 5-15 years, but must involve deep rooted change:
- Effective and continuous lifelong learning
- Agility, absorption & application of new ideas x technology
- Mindset driven by investment, growth & entrepreneurship
Short termism, profit-orientation, a “winner-takes-all” approach and social and economic ineqlity will hold productivity back. The huge disparities in infrastructure and education spending contribute to low productivity nationally.
This needs a change of national mindset.