There are lots of excellent graphics but here are the key areas for improvement:
Personally, I tend to endorse the report. Here’s my take on the highlights.
Labour productivity needs serious attention, especially in the public sector and regulated industries, where broken processes are often given greater priority than customer service. Government policy needs to give massive focus to improving relevant skills and facilitating exports, with increased language training.
Bank lending in the UK is still seriously problematic with small businesses and start-ups deprived of funds – banks seem to work on credit scoring models and judgment is subordinated. In recent years the major banks have been delayering, getting rid of their more experienced staff. In my view, the UK will continue to be constrained until the government seriously shakes up the banks.