Cameron isn’t the only thing crashing – UK productivity has plummeted

We all knew that George Osborne didn’t really have a “long-term economic plan”, and today (April 8) we had proof.

Productivity has tumbled, recording its most severe fall since the financial crisis of 2008.

With David Cameron facing calls to quit over the ‘Panama papers’, can it be long before George Osborne goes to the wall as well?

Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis.

Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office for National Statistics has confirmed.

That was the most severe fall since the final quarter of 2008, when the UK was in the grip of its most brutal economic downturn since the end of the Second World War.

Source: Britain suffers biggest downturn in productivity since the financial crisis | Business News | News | The Independent

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7 thoughts on “Cameron isn’t the only thing crashing – UK productivity has plummeted

  1. Art

    How to get the deficit down to zero and run a surplus by 2020? I know let’s slash welfare… oh… hang on… we can’t do that can we? Oh dear!

  2. Michael Broadhurst

    scum the lot of them,they should all resign before they ruin this country.

  3. Brian

    Low wages, part timer’s, zero hours, punitive contracts, enforced self employment, benefit denials, money exported offshore, pensions delayed; there may be more people in work, but they have nothing to spend, what does Osborn expect!

  4. NMac

    The only plan they have ever had is to enrich themselves at the expense of the general public, particularly the sick, the infirm and the poor.

Comments are closed.