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ONS UK productivity flash estimate PDF Print E-mail
Wednesday, 16 August 2017
Ann Francke, chief executive of the Chartered Management Institute, said: “It should be a real cause for concern that the UK’s productivity has fallen again, especially considering we still lag well behind our G7 peers in this area. UK productivity per hour is now 35% below the German level, and 30% below the US, and it’s becoming increasingly clear that decisive action is needed if we are to end this downward trend.

“Most people still don’t realise that the largest drag on productivity is poor management and leadership skills, estimated to account for almost half of the productivity gap. Investing in apprenticeships to boost management talent, as well as technical skills, is therefore vital. Not only will doing so help solve our productivity problem, it will be crucial to building a globally competitive UK plc.”
 

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