Canada Life's Paul Avis explores the productivity gap, what causes it and why it is not shifting
We have a clear business challenge in the UK. Productivity is a major issue for government and Philip Hammond devoted his first Budget speech as Chancellor in 2017 to addressing it. Workers are no more productive now than on the eve of the financial crisis in 2008. There is a productivity gap of 15-19% between the UK and the other six members of the G7 group of nations. This means for every five days a British person is at work, a German worker only has to work four days to produce the same...
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