Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of recent trends in economic productivity in the UK.
The only sustainable way to raise wages, boost living standards, and increase growth is to boost UK productivity.
Since 2010 we have provided over half a trillion pounds in capital investment, increased investment in skills, and reduced taxes for businesses. At the Autumn Budget, we took further action to increase productivity.
Productivity grew by 0.2% in the last quarter (Q4 2018) and is now 1.9% above its pre-crisis peak. Slow productivity growth since the crisis has not been a phenomenon exclusive to the UK, but across the G7.