Chris Dillow 

Why productivity matters

Chris Dillow

Chris Dillow
Why productivity matters

The UK’s long productivity stagnation might be coming to an end. Latest official figures show that hours worked fell 0.4 per cent in the three months to April. With the NIESR estimating that GDP was flat then, this implies a 0.4 per cent rise in GDP per hour worked. This isn’t hugely impressive. But it raises hopes that the decade-long flatlining in productivity might be over.

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