9 September 2016

News

Promoting productivity across the UK

Carolyn Fairbairn told the CBI’s Scotland Annual Dinner that boosting productivity across the UK is the most important domestic goal.

Promoting productivity across the UK

Outlining the early conclusions from the CBI’s work on unlocking economic growth across all UK regions and nations, Carolyn highlighted that raising productivity is the only route to rising living standards, lifting people out of poverty, paying for public services and creating opportunities for our young people.

More details of Carolyn’s speech

Carolyn was speaking in front of an audience of 500 Scottish business leaders, alongside US ambassador Matthew Barzun and Lloyds Bank group director Andrew Bester.

As well as highlighting the productivity challenge, she raised the importance of skills and an enhanced careers service in schools. She praised Scotland’s strong record on qualifications, with the lowest number of people with no qualifications in the whole of the UK, as well as the strong links forged between school leavers and business to help them find a path into the workplace.

Finally, Carolyn touched upon how devolution and City Deals can be a catalyst for economic growth. She highlighted as an example how bringing 1.4 million people within 30 minutes of Edinburgh could benefit Scotland’s economy, leading to a productivity increase of 2 per cent.

For more information please contact mari.tunby@cbi.org.uk