Francesca Monti's picture
Affiliation: 
Kings College London

Voting history

The UK Productivity Puzzle

Question 4: Which of the following policies would be your second choice of policy to boost private sector productivity, in addition to or absent your first choice?

Answer:
Tax and subsidy policies
Confidence level:
Confident

In the last two questions you are asked which government policies are best suited to help the UK emerge from its productivity growth slowdown. Question 3 asks for your most preferred policy option, while question 4 asks for your second choice. You may use the comment section to outline specific policy recommendations.

Question 3: Which of the following policies would best help improve private sector productivity?

Answer:
Investments in human capital including education and job retraining
Confidence level:
Confident

Question 2: Which of the following was the second most important cause for the slowdown in UK productivity growth?

Answer:
(Insufficient) investment in research and development
Confidence level:
Confident

Question 1: Which of the following was the most important cause for the slowdown in UK productivity growth?

Answer:
Human capital including education and employee skills
Confidence level:
Confident
Comment:
The UK's low productivity in the decade since the financial crisis by is driven a confluence of predominantly supply-side factors, of which the skills mismatch is one of the most prominent. The slowdown was exacerbated, since 2016, by very weak investment caused by the protracted uncertainty about trading arrangements with the EU.

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