bank notes, cash, coins

Expert comment: UK economy grows but labour productivity continues to stagnate

Professor Miguel Leon-Ledesma from the School of Economics notes that despite a small rise in UK GDP there are areas of concern, not least stagnating labour productivity.

‘According to ONS figures, GDP grew by 0.2% in the UK between November 2018 and January 2019. This is the “rolling three-month” release that is not comparable with quarterly growth statistics in National Accounts and is a provisional figure. It is important to note that these figures are likely to be revised in the future. Since revisions normally range between 0.1 and 0.2 percentage points, we cannot make much out of the number and it should be treated with caution…’

The full article can be viewed on the University of Kent website here.