July 2, 2015
New statistics released yesterday show that that productivity in the UK was 1.3% higher in the first quarter of 2015 compared with the same period in 2014, which represents the fastest increase for three years.
The productivity challenge is something that we must overcome in order to secure the recovery, and I am delighted to see such progress being made. This will help us deliver more jobs, make work pay, and cut taxes so that families can keep more of what they earn. Growth, increasing employment, and higher living standards for everyone are central objectives in our One Nation plan, and I look forward to more good figures in the future.
June 24, 2015
I met the Federation of Small Business yesterday and heard that small businesses are in a robust mood, and we have seen small business confidence picking up markedly, with growth and investment intentions reaching levels not seen since the Crash. They say that the latest survey readings on job creation, productivity, and investment all bode well for small businesses sustaining the economy’s growth throughout 2015. We are seeing improvements locally too.
This heartening news is encouraging businesses to invest in further growth and, because of this, productivity is increasing in the sector.
Although there is still much to be done to secure the recovery, these developments in the small business sector are to be welcomed, and I am confident for more of this in the coming months.