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

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