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CBI: Adoption of existing technologies will solve productivity problems in U.K.

Jaclyn Jaeger | November 14, 2017

The slow adoption of existing technologies and management practices is fueling the U.K.’s deep-seated productivity problems, creating disparities in productivity and pay among businesses, CBI, the U.K.’s leading business group, finds.

Since the Prime Minister challenged U.K. business to invest more in innovation, the CBI set out the single most effective route to achieving just that: the diffusion of technology. CBI said the government should build the ecosystem that will encourage greater investment, and that British businesses should act to make the most of these opportunities.

“In too many areas of diffusion, we struggle against our international competitors, with more workers being employed by less productive firms here than in France and Germany, while by some markers we are almost a decade behind the Danes,” said CBI Director-...

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