As productivity grows further investment in skills still essential
01 April 2014
Commenting on today's labour productivity data from the ONS, Geraint Johnes, director at The Work Foundation, said:
“The latest data on labour productivity shows growth of 0.3%, representing a 0.7% change over the course of the year. This is welcome following the dismal performance over the last few years. Nevertheless, this rate of growth remains below half of the long run trend. However, stronger overall productivity growth will require renewed investment in the skills of the British workforce, making up ground lost during the years since recession.”
Notes to editors
- Geraint Johnes, director, and Ian Brinkley, chief economist and are both available for interviews, briefings, analysis, and written comment.
- The Work Foundation aims to be the leading independent, international authority on work and its future, influencing policy and practice for the benefit of society. The Work Foundation is part of Lancaster University – an alliance that enables both organisations to further enhance their impact.
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