As Alan Shipman (OpenU) points out, in the end the UK economic malaise really centres on one problem - the inability to raise productivity.
Among the causes:
ineffective Govt. industrial policy (focussed as it is on financial services);
rubbish management (which I've posted on before) & unwillingness to invest in workers' skills or wellbeing;
oligopolies stifling competition alongside hopeless (captured) regulators;
inequality of 'rewards'.
#productivity
https://theconversation.com/why-the-social-pain-of-welfare-reform-overshadows-any-economic-gain-252574
Emeritus Prof Christopher May /
npub1hr…f2ktj
2025-03-24 08:19:51
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