Theresa May has a 255-page cure for the British disease
Bloomberg Gadfly columnist Chris Hughes looks at how the UK plans to address its productivity problem.
The UK has a productivity problem and its Department for Business, Energy and Industrial Strategy is out to solve it. At first glance, its new plan exemplifies the problem —a 255-page tome published on Monday is longer on blue-skies reflection than detailed policy. Still, government needs to be held to account when it meddles in business, and the document is useful framework for this purpose.
Theresa May's government has identified four mega-trends that the UK needs to respond to — artificial intelligence, clean growth, the aging society and mobility. The policy response has been gathered around five themes — ideas, people, infrastructure, the business environment and places.
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