According to the Office for National Statistics, productivity decreased by 0.6% for the quarter between April to June compared with the same period last year.

The Open University says that the UK must focus on developing a “more highly skilled workforce” if it wants to improve productivity.

“Enabling the UK’s workforce to upskill throughout their working lives, not just before or at the beginning, is critical if productivity is to be maximised in the workplace,” said The Open Univeristy’s corporate director David Willett.

“According to our latest Business Barometer, work-based training is the best way for organisations to achieve this.

“A third of employers who took part in our report said that investing in training had led directly to enhanced performance such as improved productivity and engagement.”

Read more news