Seven priorities for the UK - McKinsey long-term growth

Productivity in the areas of issues. Public policy is often innovative niche (e.g., semiconductor) rather than sectors most important whose productivity is low in comparison to global best practices. Service areas (e.g., retail trade, business services) represent around 65pc of production of the private sector and represent a large part of the difference in productivity with countries such as the United States and the Germany. Government may lead to improvements in working with industry participants and new entrants to eliminate barriers to growth (such as regulatory constraints, restrictions on the use lands) and support improvements in quality management skills and the employee.

Multinationals may represent less than 2pc United Kingdom, business but they lead overall economic growth and innovation globally, accounting for 80pc of UK, research and development and growth of productivity eight times faster that small entreprises.Gouvernement should collaborate with leading multinational companies to implement a plan for 10 years to make the UK the European location more attractive for multinational companies, dealing with skills, migration, infrastructure and tax.

The UK will need to spend more of £ 350bn for 20 years, just to maintain its existing transport infrastructure and another £ 120bn in £ 170bn in support of our infrastructure énergétiques.Ce level of investment will require greater certainty and enhanced economic performance to foster investment of private energy, for example, on the road towards decarbonisation targets laid down. For transport, a main task is to create additional public funding flows through, for example, the fuel functions higher to finance investments in the road.

Efforts of the Government to stimulate the growth of clusters have often ended in failure. Past McKinsey research has shown that only half of the clusters have increased more rapidly than the global economy. To succeed, requires concentration of investment in research centers large and connected, global access best practices through immigration top talent and support specific cluster relies on the existing benefits (e.g. Biosciences).

Education is a huge market - the OECD has estimated that in 1980 a little more than a million students were enrolled in universities and colleges outside their country of origin.Now this number has tripled 3.3 m. is an important opportunity for growth. For example, education for international students is third Australia. Meanwhile, the UK healthcare export industry may be an industry of £ 200bn by 2030.We need to think about such areas as international growth opportunities rather than public-sector centres co?t.Cela will require new and existing universities to add capacity and the ability to attract foreign students.In addition, NHS organisations must be able to restructure and compete for demand privacy without restrictions, while additional private capital will be needed to support the growth of health care to meet domestic demand in the United Kingdom.

Cities were responsible for the economic growth 78pc United Kingdom for ten years.Given the urgency to support the growth of the United Kingdom, now is the time to experiment with options and give cities more roles of coordination across the city and fiscal responsibility, including, for example, the necessary flexibility to negotiate.

Demographic trends poses two challenges developed major countries such as the first .the United Kingdom is maintaining growth in front of a declining working population (estimated percentage 0.3 point annual drag on growth of GDP) .the second is to know how fund long-term health and social services, which are set to increase more than 70pc over the next 20 années.Nous we need a radical of older work, increase leveraging innovative business practices and to ensure these are spread over the £ 1 trillion unmortgaged belonged to the 60's release housing wealth largement.Déverrouillage equity would also make a greater contribution to pay for utilities older generations that they need.


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