1 00:00:05,680 --> 00:00:07,160 Hi, I'm Raoul Ruparel. 2 00:00:07,160 --> 00:00:10,120 I’m Director for the Centre for Growth at BCG in the UK. 3 00:00:10,120 --> 00:00:12,160 I joined BCG in 2022. 4 00:00:12,160 --> 00:00:14,200 A lot has changed in the UK economy 5 00:00:14,200 --> 00:00:17,520 since BCG opened its first office in London in 1970. 6 00:00:17,520 --> 00:00:21,600 Back then, we were an ailing manufacturing economy looking for a path forward. 7 00:00:21,600 --> 00:00:23,920 Now, we're a bit more of a services powerhouse 8 00:00:23,920 --> 00:00:26,760 but we are still looking at a number of similar challenges: 9 00:00:26,760 --> 00:00:30,480 high inflation, rising interest rates, low economic growth. 10 00:00:30,480 --> 00:00:32,960 So, there are lessons we can learn from looking back 11 00:00:32,960 --> 00:00:35,120 at what BCG did with businesses then 12 00:00:35,120 --> 00:00:38,200 how the economy changed, and some of the things we learnt. 13 00:00:38,520 --> 00:00:41,320 I think there's a lot that BCG and the Centre for Growth can do 14 00:00:41,320 --> 00:00:44,200 to help promote growth and economic development in the UK. 15 00:00:44,200 --> 00:00:47,320 You know, we work with businesses on a day-to-day basis to try and improve 16 00:00:47,320 --> 00:00:51,920 their productivity, improve their output, improve the atmosphere for workers. 17 00:00:51,920 --> 00:00:54,640 And so a lot of that can be translated to the national level. 18 00:00:54,640 --> 00:00:59,080 We just have to work with policymakers and businesses to start those conversations 19 00:00:59,080 --> 00:01:00,840 and take some of those granular learnings 20 00:01:00,840 --> 00:01:02,600 at the business level to the national level.