Abstract
In the UK, from the mid-1990s, productivity improved by a third for two decades, helped by automation and computerisation. Then the 2007 credit crunch clamped down on investment plans as the world's economy hurtled into the Great Financial Crisis (GFC) of 2008. It was not until 2015 that output per hour finally surpassed the 2007 peak. According to the figures, had pre-GFC trends continued, labour productivity would be 14 per cent higher than the actual number. The article explores the sources of the productivity problem and which financial policies have been put in place to alleviate it, and at how these have affected SMEs and larger companies differently.
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