In yesterday’s Quarterly Inflation Report, Bank of England Governor, Mark Carney commented on “dismal productivity growth persisting longer than anticipated” which he put down in part to a “disproportionate number of low-skilled, low-productivity jobs”.

As tomorrow’s the Ides of May, we shalln’t put the knife today. Rather, we can comment on solutions to low productivity.

Uncertainty has a dismal effect on morale. Morale is the furnace which fires enthusiasm and tempers the desire to produce of one’s best. When leaders are too caught up with fire-fighting, time is not made to reflect and look long across the landscape they seek to cultivate.

The Materials – as you’ll know by now – comprise what matters to that within and generates enthusiasm for productivity. Nuff said.