Productivity is a key element in determining our future standard of living. In recent times, the UK has been underperforming many Western countries in this respect. Likewise, the performance across regions within the country has also been unbalanced.
KPMG have released a report which assesses some of the potential causes of poor productivity performance and examines how different UK regions fare in each of these areas.
Ben McDonald, Senior Partner for Milton Keynes of KPMG said: “According to our report, the South East, should be considered an indication of the opportunity here, especially given the leading position companies are taking in areas such as autonomous vehicle development and other future technologies.”
East-West Region Snippets:
East of England:
"Improving intra-regional rail links to unblock road congestion, particularly around the Cambridge area, as well as rail links to the South East and London."
"The region should prioritise further investment in housing supply to prevent shrinkage of the available labour pool. Timely delivery of infrastructure projects such as rail electrification and Crossrail is essential to maintain good links to London. Likewise, continued support for the East-West rail is crucial for improving inter-regional links outside London. "
Read the full report here.