Ammon News - Britain's economic productivity is starting to show signs of sustained improvement, ​economists said on Monday, potentially marking the end of a prolonged slump that began around the 2008 ‌financial crisis and appeared to worsen after the COVID-19 pandemic.

Rising productivity — or the amount of economic output generated per hour worked — is key to higher living standards and offsetting some of the fiscal headwinds from Britain's ageing population and growing defence spending.

Estimates from the Resolution Foundation think tank, ​published on Monday, showed that annual growth in output per hour had risen to an average of 1.1% over ​the two years to the end of June 2026, up from an annual decline of ⁠0.7% in the two previous years and an average rise of 0.7% in the late 2010s.


Reuters