Productivity policy

In: (Election Briefing Notes 6 ). Institute for Fiscal Studies: London, UK.

Abstract

In this Briefing Note, we first present internationally comparative evidence on the UK's productivity performance (Section 2) and some of the underlying "drivers" of productivity identified by the government (Section 3). We then provide an overview of productivity policy under both Labour governments since 1997, and discuss the recent direction of policy in this 2005 Election Briefing area (Section 4). Finally, we discuss the proposals of the three main parties in the area of productivity policy (Section 5).