Good news on productivity

New figures from the Office for National Statistics (ONS) show that productivity has grown across most regions of the UK since 2010, as the Conservative government's balanced approach to the economy helps to improve living standards across the country.

Key facts:

  • Productivity increased for most regions between 2010 and 2017, with the largest improvement in Lancashire. 
  • Productivity also increased in most local enterprise partnership (LEP) areas. LEPs were set up in 2011 to lead local lead economic growth and job creation. The highest growth in economic output occurred in Coventry and Warwickshire. 

Why this matters: 

Slow growth in productivity has been one of the biggest factors holding Britain back under governments of whatever colour. Improving productivity is  key to ensuring Britain can afford higher living standards, secure pensions and better public services.

Conservatives are committed to delivering good jobs and growth across the whole country to ensure no community feels left behind. Our modern Industrial Strategy will continue to help build a high-skilled, competitive economy that benefits everyone

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