The UK's three European competitors - France, Germany and Italy - have shown little real productivity improvement in the last couple of years. Perhaps the one bright spot for the British economy, however, is the increase from early 1991 - when our index figure stood at around 115 - to the latest figure showing an impressive score of around 128, not far short of the Italians figure and considerably above that of Germany and France. This, rather than devaluations and other quick-fixes, should prove the best route to economic recovery. But to maintain it, order books will either have to improve or costs be reduced by pay restraint and, unfortunately, job cuts.
MT tapped up a panel of entrepreneurs for the advice they wished they had before taking the plunge.
Caroline Casey is legally blind but worked as a top consultant without her bosses realising. She wants businesses to do more help their workforces overcome disability.
Today's bosses need better help to deal with new technologies, working practices and generational shift.
There is a moral dimension to business, but you can take it too far.
In our second Changing Lanes podcast, we talk to people who have successfully pivoted their career by pursuing further study, finding a mentor or taking a sabbatical.
The law is changing so that parents who have lost a child will be entitled to take paid leave.