But has government struck the right balance between cost savings and boosting productivity?
The bank's economists recommended boosting productivity in self-employment, wage employment and agricultural employment.
Getting British companies investing, boosting productivity and exporting – and improving the nation's infrastructure.
Mr Begg points out that boosting productivity implies spending more on cities, especially London.
But Marshall demonstrated that capitalism advances not by immiserating the poor, but by boosting productivity.
The firm's efforts are boosting productivity in China's woefully inefficient retail and logistics sectors.
They must find ways of cutting labour costs and boosting productivity.
Providing opportunities for people to improve their skills and knowledge through higher education is an essential part of boosting productivity".
Critics also claimed the government's ambition of boosting productivity could be undermined by other measures in the autumn statement.
The government's long-term economic plan involves cutting the deficit, encouraging growth, creating jobs, boosting productivity and increasing exports.
Boosting productivity to counter the effects of a shrinking workforce will require a cultural revolution, especially in business.
