Productivity

(asked on 4th March 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps her Department is taking to help increase productivity.


Answered by
James Murray Portrait
James Murray
Chief Secretary to the Treasury
This question was answered on 10th March 2026

Since the General Election, productivity has risen by more than twice as much as it did in the whole of the last Parliament. The Government has increased capital spending by an additional £120 billion - the highest level in four decades – delivering major new investment in transport, housing, energy and R&D. Departments are set to deliver nearly £14 billion of efficiency savings by 2028-29.

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