Productivity up in British economy

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.

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