UK productivity showing sustained improvement, economists say
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
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
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
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UK productivity showing sustained improvement, economists say
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