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HM Treasury

Enterprise & productivity

Skills

The quantity and quality of skilled labour available in an economy is an important determinant of economic performance and productivity growth.  Skilled workers can often adapt faster and more effectively to change, and may be better at implementing new investments and pursuing innovation.  A highly skilled workforce enables firms to update working practices and products at the rate demanded by rapidly changing markets, making the economy more flexible and productive in the longer term.

Enterprise and Productivity index 

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