- March 4, 2024
- Posted by: legaleseblogger
- Category: Related News
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Microsoft and Vodafone Support New Business Coalition to Boost UK Productivity
By Mark Kleinman, City editor @MarkKleinmanSky
British Land, Microsoft, and Vodafone, along with other prominent companies like Churchill Retirement Living, NHBC, and Pension Insurance Corporation, are coming together to launch an initiative aimed at addressing the UK’s ongoing productivity challenges.
The Building Back Britain Commission (BBBC) is set to officially kick off with an event attended by Labour’s shadow business secretary, Jonathan Reynolds. The commission enjoys the support of key figures in the business world and will be guided by Claire Ainsley, the former policy chief for Sir Keir Starmer.
One of the main goals of the BBBC is to develop a comprehensive growth plan to be presented to the government after the upcoming general election. The focus will be on eliminating regional disparities in economic growth and productivity through a modern industrial strategy.
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The commission’s workstreams will include identifying barriers hindering local areas from attracting and retaining workers, evaluating the quality of housing, transport, and digital infrastructure nationwide, and examining factors influencing productivity such as education, health, and technology in different regions.
The launch of the BBBC precedes the budget announcement by Chancellor Jeremy Hunt, who faces challenges due to worsening growth predictions. The secretariat of the BBBC will be managed by WPI Strategy, which previously supported the COVID Recovery Commission in 2021.
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