Commenting on the Business Committee’s analysis of the government’s productivity plan, Dr Adam Marshall, Executive Director of Policy at the British Chambers of Commerce (BCC), said:
“A strategy is only good if it results in real-world outcomes, and the government’s productivity plan is no exception.
“The BIS Committee is right to press for a clearer timetable to address the deep-rooted structural problems that hold our economy back. Skills shortages, infrastructure bottlenecks and limited growth finance have long constrained investment and dampened productivity.
“Successive governments have understood many of the problems, but Whitehall schemes have only made a marginal impact. A laser-like focus on delivery is required if we are to achieve the productivity gains we need.”