What are the key causes of the UK's productivity problem and what might be done about it? A key question for all A Level Economics students to consider.
It is well known that the UK economy suffers from slow-growing labour productivity. There is a substantial productivity gap with a number of other leading countries. This means that the UK produces less output per hour worked than other countries. The gap is particularly large with the United States and Germany – two of the biggest economies in the world. This revision video looks at some of the causes of the UK's productivity gap and discusses the policies that have or might be introduced to address the issue.
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