Read on for a few key snippets about productivity from the budget speech. Click here to find out even more about the importance of productivity for you.
“…there is no room for complacency. As we prepare for our future outside the EU, we cannot rest on our past achievements. We must focus relentlessly on keeping Britain at the cutting edge of the global economy. The deficit is down, but debt is still too high. Employment is up, but productivity remains stubbornly low.”
“This House knows, that the only sustainable way to raise living standards is to improve our productivity growth. Simply put, higher productivity means higher pay. The stats are well known. We are 35% behind Germany and 18% behind the G7 average. And the gap is not closing. … this government places addressing the UK’s productivity challenge at the very heart of its economic plan. … £270 million to keep the UK at the forefront of disruptive technologies like biotech, robotic systems and driverless vehicles.”