Hammond aims to close ‘productivity gap’
THE Chancellor Philip Hammond made a £23bn commitment to close the worrying “productivity gap” which sees the UK lagging behind other major economies including the USA, Germany, France and even Italy.
The cash will be ploughed into a newly formed Productivity Investment Fund over the next five years.
“Raising productivity is essential if we are to deliver a higher wages and a higher standard of living in this economy,” Hammond said.
He also pledged to double the UK’s export finance capacity and support John Lewis c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
