Osborne's 'challenge of our time': UK productivity and infrastructure

Earlier this year, George Osborne set his sights on addressing the long-standing challenge of productivity. Improving the UK's productivity – and closing the gap with the rest of the G7 – was seen as "the route to raising standing of living for everyone".

Productivity was, in the Chancellor's words, the "challenge of our time", and fixing it was the his number one objective. In setting out his plan to do this, Fixing the Foundations, George Osborne was very clear that public and private investment in infrastructure was a primary driver. 

Under the eight long term investment priorities he set out three related to economic infrastructure: a modern…

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