Low productivity, an enduring and growing drag on the UK economy

Philip Hammond's autumn statement nod to Britain's 'central long-term' challenge echoes Gordon Brown's words 19 years ago

"The first challenge is to increase our productivity. Britain today is some 20% less productive than our main competitors and has been for years."

Not the words of Philip Hammond in his autumn statement but those of Gordon Brown in his pre-Budget report 19 years ago.

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