Further to last week’s comments on the new UK Productivity Council, UK Chancellor Philip Hammond used the Autumn Statement to pledge new funding for fibre broadband and 5G technologies.
The £400 million investment in fibre, called the Digital Infrastructure Investment Fund, will be given to broadband providers to expand their networks,
What does this do for UK productivity?
Well, like most infrastructure investments, it creates potential.
Whether organisations build on that potential is up to them – but they can’t complain about lack of government support and then refuse to exploit support that is given.
So, in 5 year’s we’ll return to his subject and see if we can determine a return on this investment – at the national productivity level.