Lord Lamont: Difficult for UK to raise productivity

Lord Lamont: Difficult for UK to raise productivity

The government will find it difficult to influence productivity in the economy, according to former Chancellor, Lord Lamont.
His comments follow the allocation of £23bn in Wednesday's Autumn Statement to tackle the UK's poor record on raising output per person.
UK productivity has lagged well behind other advanced economies.
But Lord Lamont told the BBC that the government would struggle to make much of an impact.
"If you want complete honesty I do think it is very difficult for governments to influence the level of productivity. Backing science and R&D is one of the few ways in... read more

24 November 2016 in Business, Views: 53
Source: BBC

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