Why does productivity matter?
In this episode, host Professor Bart van Ark talks to three esteemed economists – Andy Haldane, Dame Kate Barker and Professor Nick Crafts – who explain what productivity actually is and why it matters to everyone.
They discuss why UK productivity has slowed down since the 2008 financial crisis, creating a rising gap between the UK and other advanced economies in Europe. They also explain why increased productivity is important for raising living standards – drawing on lessons from the industrial revolution, how it has been affected by the Covid-19 pandemic and what critical things can be done to manage the post-crisis challenges.
Productivity Puzzles is sponsored by Capita and brought to you by The Productivity Institute.
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