In the long run, productivity growth is the most important determinant of material wellbeing. But the UK has now had 15 years of low productivity growth relative to its international peers and its own history.

In this event, John Van Reenen and Xuyi Yang will present new work decomposing the UK's productivity slowdown and comparing the UK to its main international peers, highlighting the role of chronic underinvestment in capital, innovation, and skills which has also made the economy more vulnerable to the recent 'polycrises'.

Anna Valero will discuss what this means for policy - drawing on proposals developed as part of the Economy 2030 Inquiry (a major collaboration between the LSE and Resolution Foundation), as well as new institutional proposals launched as part of National Productivity Week. Bart van Ark will respond to the presentations, linking to the broader Productivity Agenda launched on the same day.

This event is being held in collaboration between the Programme on Innovation and Diffusion (POID) at LSE and The Productivity Institute (TPI) and is part of TPI's National Productivity Week.

Speakers

Anna Valero, Director, Growth Programme and a Distinguished Policy Fellow at the Centre for Economic Performance at LSE; Deputy Director, POID at LSE.

Bart van Ark, Managing Director, The Productivity Institute and Professor of Productivity Studies at The University of Manchester.

John Van Reenen, Director, POID; Ronald Coase Chair in Economics and Professor of Economics at LSE.

Xuyi Yang, PhD student at the University of Cambridge and research assistant, POID at LSE.