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  • Fixing Britain's productivity problem is Hammond's only option

    The British economy is beset by poor productivity - and it is about to start putting a real squeeze on growth. Its effects have been cushioned by high employment, but with few workers left to add to the Labour market, the only way to boost GDP is to improve productivity. With his deficit target under threat from productivity downgrades, the Budget represents the Chancellor's best chance to tackle the problem.

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