New research from Oxford Economics predicts that quantum computing could give the UK an economy-wide productivity boost of up to 7% by 2045 – equivalent to every worker achieving an additional three weeks’ worth of productivity per year without working an extra hour.

British manufacturers are forecast to increase their productivity by 15.5% over the next five years helping to increase the value of exports by 35%, according to a study commissioned by the International Festival for Business 2016 and undertaken by economists at Oxford Economics.