UK productivity has stayed stubbornly low for years. Dare we hope for better?
by Guardian Staff from on (#96MY)
The Bank of England foresees more demand, skilled workers, investment and innovation. Let's hope it's right this time
'Doing more with less": that was how Bank of England governor Mark Carney described productivity growth, at his quarterly press briefing last Wednesday. It's not as controversial as migration, or as politically explosive as the prospect of Brexit, but Carney made it clear that he believes Britain's productivity record will be the key to sustaining our economic recovery.
"In the medium term, productivity growth - doing more with less - is the key determinant of income growth. Our shared prosperity depends on it."
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