For decades the United Kingdom’s economy has suffered from a well-evidenced systemic problem of low productivity compared to its key international competitors. So do we have the skills and ability to correct this? Arguably we should have been tackling this over the last 20 years, but we haven’t. Brexit and the competitive challenges we will face outside of the European Union from March 2019 has turned the spotlight back on to the “old”, apparently unsolvable, problem. So what will drive a substantial increase in productivity? There are four main factors:

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