Extract from the 2007 Budget Report by the Chancellor of the Exchequer - Gordon Brown.

Meeting the Productivity Challenge

The world is changing rapidly, and the global economy is becoming more integrated and competitive. Improving productivity and developing a dynamic economy is increasingly important for sustaining growth, prosperity and opportunities for all. The UK is well placed to meet the long-term challenges presented by a changing global economic environment, but continued progress on fostering productivity growth depends critically on building a flexible,
open economy, with a highly skilled workforce, and well-developed infrastructure Read the rest of this… »