Business, Energy and Industrial Strategy Committee

Productivity Plan inquiry

Inquiry status: concluded

Report published on 1 February 2016; Awaiting Government Response.

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Report published

The Government’s heralded 'Productivity Plan' lacks clear, measurable objectives and largely amounts to an assortment of existing policies, says the Business, Innovation and Skills (BIS) Committee in its report.

Full terms of reference

Publications

Read all transcripts, written evidence and other material related to the Productivity Plan inquiry.

What is productivity?

Productivity = Output (GVA) ÷ Input (hours worked)

During the recession, productivity fell and has not recovered yet.
It is important because higher productivity means higher living standards.

There are many different things that affect productivity, including

  • how skilled workers are;
  • how easily workers can move to suitable jobs; and
  • how good the equipment is that they use to work.

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