The Government's Productivity Plan
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The Government’s Productivity Plan
Published September 2015
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In July 2015, the House of Commons’ Business, Innovation and Skills Select Committee announced an inquiry into the Government’s Productivity Plan, which was published shortly after the Summer Budget on 10 July 2015. The Committee invited submissions that addressed the following questions:
- Do you agree with the Government’s assessment of the reasons for the UK’s productivity slowdown? Has the Government acknowledged all of the main causes of the UK’s poor productivity growth?
- One pillar of the Government’s Plan is to increase “long term investment”. It outlines eight areas with specific measures to increase productivity.
a) Why has the UK’s long term investment been so low up to now?
b) How can we ensure that the measures relating to long-term investment in the Plan will contribute to productivity growth?
- The second pillar of the Government’s Plan is to encourage a “dynamic economy”. It outlines seven areas with specific measures to increase productivity.
a) What are the main weaknesses of our economy, in terms of dynamism, which are suppressing our productivity?
b) Do the measures introduced under in the plan address those weaknesses and are they appropriate?
- Overall, does the Plan adequately address the main causes of low productivity in the UK, and will it have the desired results?