Presentation at Resolution Foundation event on why Britain needs a more dynamic economy.

3. •
• Cumulative 24% missing growth since 2008.
• Productivity is the biggest long-term driver of living standards
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• Innovation in the best firms
• Diffusion of best practice to the laggards
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• Reallocation of resources from low- to high-productivity firms and sectors
• A big driver of growth throughout history

11. •
• Stamp duty, planning rules
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• VAT, corporation tax, business rates
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• Trade openness
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• Higher temporary benefits to improve job matches