24-11-2016 20:59 via news.yahoo.com

Chancellor Hammond chooses his battle - fixing weak productivity

By William Schomberg LONDON (Reuters) - In 2011, early in his time as Chancellor, George Osborne said he would revive British manufacturing as he promised "a march of the makers" to rebalance the economy. This week, Osborne's successor Philip Hammond staked out his own priority: turning around Britain's long-standing productivity problem to meet the challenges of leaving the European Union. Hammond used his first budget statement to address what he called the "shocking" gap between productivity
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