UK's economic productivity finally returns to pre-crisis peak - ONS

UK's economic productivity finally returns to pre-crisis peak - ONS
 

Britain's economic productivity - the key driver of living standards - has finally clawed back the ground it lost during and after the financial crisis, but remains almost a fifth below where it might have been had the crisis never happened.
Official figures on Thursday highlight the challenge Britain faces as it prepares to leave the European Union, something the Bank of England expects will make firms think twice about costly investment projects to lift long-run efficiency.
British workers' hourly output in the three months to June eked out growth of 0.4 percent compared with a year... read more

 
6 October 2016 in Business, Views: 43
Source: Reuters
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