In the run-up to the election, our colleagues at the Centre for Economic Performance (CEP) are running a series of election analysis articles, where world-leading economists give their take on the state of different areas of economic policy, and the big choices facing the next government. In the first of these articles, Anna Valero and John Van Reenen look at growth and productivity - two central issues facing the country. They point out that UK labour productivity today is 26% lower than it would be had productivity growth continued its pre-2008 financial crisis trend. This gap is a big part of explaining stagnating UK growth, weak gains in pay, and falling living standards.

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18 June 2024

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What Works Centre for Local Economic Growth

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https://whatworksgrowth.org/insights/spatial-disparities-in-productivity-are-central-to-the-future-of-levelling-up/

This Blog is published under the centre's Urban programme.