Skills policies would ideally be co-ordinated with the government’s proposed new industrial strategy. “In the long-run, skills are really important for growth,” said Stephen Machin, co-chair of the new LSE growth commission, which is collecting evidence on how economic growth can be enhanced.

... One area where British companies lag behind foreign competitors is the quality of management practices, according to John Van Reenan, a professor at the Massachusetts Institute of Technology. Better managers are better able to adopt new technologies and use existing ones most efficiently.

Read more... Financial Times