ONS stats have painted a grim picture of the UK’s productivity, with data showing no signs of a strong uptick.
The Financial Times reports that output per hour worked in the UK was just 0.2 per cent higher in the third quarter of 2018 when compared with the same period a year earlier, which is the slowest rate of productivity growth in two years.
And, worryingly, productivity in the UK fell quarter on quarter owing to a jump in hours worked – meaning British people are working for a longer time but for diminishing increases in output.
“All the evidence we have points to a productivity problem,” Toby Peyton-Jones, HR Director at Siemens UK & Northern Europe, told HR Grapevine at the end of last year.
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