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Productivity figures highlight Brexit is not the only challenge facing the UK

Responding to the latest ONS productivity statistics, Acting Chief Economist at the CIPD, Ian Brinkley said:

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CIPD

“Today’s figures should act as a very sharp reminder to Government that Brexit is not the only challenge facing the UK. Unless more is done to tackle the nation’s low productivity, people’s wages and living standards will continue to fall and the UK will be ill-equipped to compete once we do leave the EU.

“Government must urgently review its productivity plan and ensure that its industrial strategy includes a much stronger focus on boosting investment in skills and efforts to boost managerial quality in partnership with employers, professional bodies and unions at a national, sector and local level.”

www.cipd.co.uk