National Productivity Week 27th January 2025 | Visit Website

A diverse community of
leading experts, policymakers
and practitioners

The Institute’s key research themes
are led by ten academic partners
spread across the UK.

We’re a UK-wide research
organisation exploring what
productivity means for business

Businesses are crucial to solving
the UK’s productivity problems.


Macroeconomic trends & policy

Macroeconomic trends & policy

Many of the UK productivity issues reflect economy-wide failures. From a private finance viewpoint, large financing gap for business seems to have emerged as banking restrictions on lending lead to shortfalls in productive investment. From a fiscal viewpoint, public investment in productivity-enhancing infrastructure may be limited by the fiscal regime and accounting frameworks used by the Treasury.

Theme lead

Professor Jagjit Chadha


Professor John Tsoukalas
Dr Issam Samiri


Professor John Fernald
Professor Robert Inklaar
Paul Mortimer-Lee
Professor Adrian Pabst

Theme paper

Macroeconomic Perspectives on Productivity