Question 8 According to a NIESR (2022) report "...the UK has one of the poorest productivity performances and highest sp

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Question 8 According To A Niesr 2022 Report The Uk Has One Of The Poorest Productivity Performances And Highest Sp 1 (17.94 KiB) Viewed 41 times

Question 8 According to a NIESR (2022) report "...the UK has one of the poorest productivity performances and highest spatial inequalities among the OECD's 38 advanced economies and this has been made worse by Covid-19. If policymakers return to the same economic structures post-pandemic that failed to resolve the productivity problem pre-pandemic, then the UK is set for another decade of a low-growth, low productivity and low-wage economy." Analyse this statement in light of the UK's actual productivity performance in recent years and the channels through which the pandemic is affecting productivity. Provide some advice on the policies that the government could consider implementing to support productivity growth.