LSE British Politics and Policy blog:
Summer budget: High hopes for the productivity plan - is enough being done?
9 July 2015
Article by Anna Valero
In the 2015 summer budget, George Osborne at last identified the UK's productivity performance as an important issue that needs to be tackled. Here, Anna Valero reviews some of the measures ahead of further detail on the government's productivity plan due out tomorrow.
The issue of productivity was left out of the March budget and somewhat ignored during the general election campaign - much to the dismay of economists, for whom weak productivity performance since the financial crisis is the number one problem facing the UK economy. Therefore, Osborne's post-election announcement that dealing with weak productivity would be a priority in this parliament was welcome news.
This article was published by the LSE British Politics and Policy blog on July 9, 2015
Link to article here
Related publications
Productivity and Business Policies, Isabelle Roland and Anna Valero, CEP 2015 Election Analyses Series, March 2015
Further info here
Related CEP video/podcast
'Productivity and Business'. Interview with Anna Valero.
Low productivity is probably the greatest challenge facing the UK economy.
View video here
Related links
Anna Valero webpage
Productivity and Innovation Programme webpage