As the UK enters an uncertain economic future, the issue of falling productivity is once again center stage. Since the 2008 financial crisis, studies measuring how much output is produced per hour or worker have been constant disappointments when compared to the country’s global counterparts. According to the latest reports from the Office of National Statistics, UK productivity rose by 0.4 percent between July and September 2016. However, this figure is still far below the 2.1 percent average being achieved before 2008. In response, UK Prime Minister Theresa May has announced plans to launch a national industrial strategy aimed at…
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