Answer to Question #107826 in History for Jaspreet kaur Dhaliwal

Question

Why did 1960s British policy makers feel that Britain had a 'productivity problem'?

Answer 1

British policy makers felt that Britain had productive problem because productivity fall was steeper and its rebound weaker than in comparison countries. This might be due to a number of reasons: low capital investment, poor skills, the high employment rate and low interest rates keeping inefficient companies afloat.