In this episode Bart talks to three esteemed economists - Andy Haldane, Dame Kate Barker and Professor Nick Crafts - who explain what productivity actually is and why it matters to everyone.
They discuss why UK productivity has slowed down since the 2008 financial crisis, creating a rising gap between the UK and other advanced economies in Europe. They also explain why increased productivity is important for raising living standards - drawing on lessons from the industrial revolution, how it has been affected by the Covid-19 pandemic and what critical things can be done to manage the post-crisis challenges.
Productivity Puzzles is sponsored by Capita and brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government.
The Productivity Institute is funded by the Economic and Social Research Council. To find out more, visit:
https://esrc.ukri.org/about-us/strategy-and-priorities/productivity/
Find out more about at www.productivity.ac.uk
Productivity Puzzles
Join Bart van Ark, Professor of Productivity Studies at the University of Manchester, and the managing director of The Productivity Institute as he brings you discussions with leading minds from the UK and abroad about how to improve productivity for almost everything: from health care to car manufacturing, at national and regional levels, for business and for your own personal productivity.
This podcast series investigates why UK productivity is lower than in many other countries and why are there such large differences in productivity across and within the regions and devolved nations. We’ll also get the best insights from research on smart policies and effective business practices to increase productivity and find out how this will drive prosperity, wellbeing and inclusive sustainable growth.
Productivity Puzzles is brought to you by The Productivity Institute, a research project involving nine academic institutions across the UK, eight regional productivity forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government.
Find out more about at www.productivity.ac.uk
The Productivity Institute is funded by the Economic and Social Research Council. To find out more, visit: https://esrc.ukri.org/about-us/strategy-and-priorities/productivity/