UK productivity growing faster than official figures suggest, thinktank finds
Summary
A thinktank called the Resolution Foundation says that UK workers are producing more than official numbers show. Their new analysis suggests the economy’s productivity has improved recently, challenging the idea that productivity has gotten worse in the 2020s.Key Facts
- Productivity measures how much economic value each worker creates.
- Official data shows UK productivity as weak, but the Resolution Foundation disputes this.
- The thinktank used a different method than the standard labor force survey to measure productivity.
- Their data shows productivity is rising across many sectors, not just due to job cuts in low-skilled areas.
- The increase in productivity does not seem to be driven mainly by artificial intelligence (AI).
- UK’s economy was one of the fastest-growing in the G7 group in early 2026.
- Some economists from the London School of Economics and Morgan Stanley agree that UK’s economic outlook is improving.
- Consumer confidence in the UK reached a two-year high recently.
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