Brexit means… facing up to the UK’s productivity problem
Internationally, the USA, Germany, Sweden and Japan have always outstripped us, but a study by the Office for National Statistics shows that, in 2014, our productivity (measured as GDP per hour worked) was also outstripped by Spain (5% higher), Ireland (30%), Belgium (34%) and the Netherlands (45%). Why? What is wrong with UK productivity? After all, this isn’t news – the problem has been one besetting us for decades now.