When the Prime Minister stood on the steps of Downing Street two years ago and made her inaugural speech, she committed to delivering a modern industrial strategy that would finally help solve the UK’s long-standing productivity puzzle. This week marks six months on from the launch of such a strategy and the publication of a 250-page document last December.
Productivity and its growth is important. At the national level it contributes to boosting living standards by improving profitability to pay for higher wages, higher consumption levels and, with it, improved economic and social indicators right across all UK regions.