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<p>According to the latest ONS estimates UK output per worker was 1.2% higher in 2018Q1
than it was a decade earlier. The UK has significant economic strengths on which we
can build, but we need to do more to increase our productivity and to make the most
of our untapped potential right across the country. The government’s Industrial Strategy
sets out a long-term plan to boost the productivity and earning power of people throughout
the UK.</p><p>My rt. hon. Friend Mr Chancellor of the Exchequer recently launched
a public call for evidence to support our Business Productivity Review, which will
explore what actions could be most effective in improving firm level productivity.
The review will look at the impact of management quality on productivity, and how
we can most effectively spread best practice across the country to help boost earnings
power.</p><p>Our Grand Challenges look to put the UK at the forefront of the industries
of the future, directing the focus of the government and engaging the private sector
to ensure we take advantage of major global trends, which will improve people’s lives
and the country’s productivity.</p><p>As announced at Autumn Budget 2017 we are investing
£300m in the development of ultra-low emission vehicles, are supporting driverless
cars and AI, and have provided a further £2.3bn in R&D through extending the National
Productivity Investment Fund.</p><p>Through Sector Deals, Government will work with
entire sectors to support them to grow and become more productive. We have already
announced deals with sectors such as Automotive, AI and Life Sciences with more deals
under negotiation.</p><p> </p>
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