UK productivity in the first quarter of 2017 was the same as it was in 2007. This after relentless if sometimes slow growth over many years.So, not only have we not had the bounce i refereed to last week; we seem to have had a capsize and a sinking.
Successive governments seem to be powerless to do anything about the problem but at leat this current government seem to have recognised the problem – and have set up a new UK Productivity Council to try to do something about it.
Making up for10 years lost growth is probably impossible – but at least we could get growth moving again.
W owe it to the next generation to give them some momentum to build on.