Why Does Productivity Matter?
In this episode Bart 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, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government.
The Productivity Institute is funded by the Economic and Social Research Council. To find out more, visit:
Find out more about at www.productivity.ac.uk