Hammond: We Have Productivity Problem in U.K.

The transcript discusses the UK's regional investment imbalance, focusing on the Northern Powerhouse strategy to boost productivity outside London. It highlights the need for infrastructure investment, both public and private, to improve productivity. The discussion also covers fiscal responsibility, emphasizing the need for targeted investments within fiscal constraints, especially in light of the economic uncertainty following Brexit.

What are the main challenges related to productivity in the UK?

How does the Northern powerhouse concept aim to address regional disparities?

What role does public sector investment play in infrastructure development?

In what ways can the UK government leverage its debt capacity for infrastructure investment?

What impact did the Brexit decision have on the UK economy according to the text?