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Skills and Productivity: Why does it matter?
Skills and Productivity: Why does it matter?
A recent survey by City and Guilds highlights how employers and employees perceive productivity and the relationship with skills development.
Productivity in the UK has been sluggish since the financial crisis of 2008, with economic growth since 2010 less than half the rate of growth of the preceding decade. Productivity has continued to lag other G7 countries like the US, Germany and France, effecting the wealth and general wellbeing of the nation. This is a problem, which if it is not addressed will damage our ability to raise living standards and improve public services. It is why the Government has made productive growth its number one mission.
Published:
16 January 2025
Key recommendations include:
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