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<p>We recognise that UK productivity is lower than some of our peers. But we must
also recognise that we have a number of strengths that we should continue to build
on. We are the world’s fifth largest economy. We have many of the best universities
on earth, are one of the most attractive places in the world to do business and lead
in many 21st-century technologies and innovations. Closing our productivity gap, which
exists compared to other nations but also between regions in the UK, will be vital
in unleashing the UK’s potential.</p><p> </p><p>We are committed to levelling up opportunity
across all places in the UK. This means making sure that prosperity is shared across
all our towns and cities. So far, we have announced a £5bn package of investment for
buses and cycling, opened up a consultation on Freeports, and we’ve confirmed that
we will proceed with HS2 to deliver essential North-South connectivity, greater capacity,
and shorter journey times.</p>
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