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18 August 2017

The Times: Foreign-owned firms ‘hold key’ to Britain’s productivity woes

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Encouraging more foreign businesses to set up in the UK may help to solve the country’s chronic productivity problem, analysis by the Bank of England has suggested.

Work by two central bank economists published on the Bank Underground blog showed that foreign-owned companies are at least 50 per cent more productive than their British-owned counterparts and the gulf is widening.

The authors, Sandra Batten from the structural economic analysis division and Dena Jacobs from the inflation report team, argue that the difference in performance comes down to much greater levels of investment and better management. [...]

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