UK needs hard-edged strategy to reverse productivity decline according to BCG report

Boston Consulting Group warns that Britain must embrace creative destruction to fix stalling productivity. The report urges a focus on high-growth sectors.

The Boston Consulting Group has released a report today, February 23, 2026, finding that corporate sectors in the United Kingdom GBGB that previously drove national productivity growth have fallen behind global leaders. The study recommends that the UK government implement a hard-edged UK industrial strategy focused on higher-growth areas to reverse this trend. This analysis comes at a time when the decline in sectoral contributions to productivity and lower output per worker among weak firms are central concerns for national economic performance.
FILE PHOTO: Workers cross London Bridge during the morning rush-hour with Tower Bridge seen behind, in London, Britain, December 16, 2025. REUTERS/Toby Melville/File Photo
FILE PHOTO: Workers cross London Bridge during the morning rush-hour with Tower Bridge seen behind, in London, Britain, December 16, 2025. REUTERS/Toby Melville/File Photo
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