Industry risks being stuck in productivity ‘slow lane’

Posted on 16 Nov 2016 by Jonny Williamson

Manufacturers are failing to take crucial steps to boost their productivity, according to a new report from Lloyds Banking Group and the Manufacturing Technologies Association (MTA).

The Understanding the Puzzle report canvasses the views of more than 1,500 businesses across the UK, highlighting a widespread concern about productivity levels in the UK economy and echoing worries that have been raised by government and industry bodies. It raises an urgent need for investment in order to prevent UK output levels falling far behind…

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