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To solve Britain’s productivity puzzle, don’t just focus on frontier firms

The true challenge is in spreading improvements more widely

By Prospect Team  

Photo: Matt Crossick/Matt Crossick/Empics Entertainment

Leaders from across politics, business and trade unions will today put their heads together at a major summit to tackle one of the UK’s most intractable problems: improving productivity—the amount workers produce per hour—particularly in the retail and hospitality sectors. While the Beast from the East may have provided a week-long chill to the nation’s economic output, more fundamental challenges than snow are hampering UK businesses and workers.

Poor productivity is holding back improvements in wage growth and living standards. This is bad for both firms and…

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