Productivity Profile of the United Kingdom
Bank of England (BoE): Research of the Bank of England underpins the Bank’s policy activities on subjects relevant to its core duties, including monetary and financial stability.
Office for Budget Responsibility *OBR): The Office for Budget Responsibility is an official independent fiscal watchdog and provides analysis of the UK’s public finances, including 1) economic and fiscal forecasting; 2) evaluating performance against targets; 3) sustainability and balance sheet analysis; 4) evaluation of fiscal risks; 5) scrutinising tax and welfare policy costing.
Bank of England: The UK’s Productivity Problem: Hub no Spokes (2018), Productivity Puzzles (2017), The Productivity Puzzle: a firm-level investigation into employment behaviour and resource allocation over the crisis (2014), The UK Productivity Puzzle (2014);
Office for National Statistics (ONR): Which Occupations are at Highest Risk of Being Automated? (2019), Public Service Productivity: total, UK, 2016 (2019), Experimental Estimates of Investment in Intangible Assets in the UK: 2015 (2018), Information and Communication Technology Intensity and Productivity (2018), Understanding Firms in the Bottom 10 % of the Labour Productivity Distribution in Great Britain: “the laggards” (2017);
National Institute of Economic and Social Research: Below the Aggregate: A Sectoral Account of the UK Productivity Puzzle (2018), Productivity Dynamics in the Great Stagnation: Evidence from British Businesses (2014).
Click here to access our Compare-Your-Country tool and explore productivity data from the GFP member countries.
Latest OECD Recommendations
- Regional spending should be targeted, notably on infrastructure and housing
- In particular, invest in improving inter- and intra-city transport links where such investments can foster agglomeration effects and unlock related productivity benefits;
- Continue to increase direct and indirect support for private and public R&D, and for the collaboration between businesses and universities to promote applied innovations and their diffusion
- Improve the skills of workers
- By allowing for more freedom to adapt technical education to local business needs;
- By increasing the financing for – and continue to promote the effectiveness of – active labour market policies for youth who are neither in employment nor in education or training;
- Introduce individually targeted programmes for low-wage and low-skilled workers to improve their lifelong learning opportunitiesIntroduce individually targeted programmes for low-wage and low-skilled workers to improve their lifelong learning opportunities.