What is productivity and why is the UK's so poor?

Productivity has barely grown in the UK since the financial crisis, and now lags 35% behind Germany and 30% behind the USThe shortfall in productivity compared with other developed economies has long been Britain’s economic achilles heel. It is a problem that Conservative and Labour chancellors have been grappling with for decades.Productivity is a guide to how good a country is at delivering the goods and services that are bought and sold. Technically, it is the rate of output per unit of