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UK productivity falls at joint-fastest rate since 2013

Staff Writer |
British productivity fell at its joint-fastest rate since 2013 in the 12 months after the country voted to leave the European Union.

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British workers' output per hour last year was more than 15 percent below that in other major advanced economies.

This is a gap that has widened sharply since the 2008 financial crisis and shows no sign of narrowing significantly.

Output per hour worked in the three months to June was 0.3 percent below its level in the three months to June 2016, the Office for National Statistics said.

No bigger fall has been recorded since the third quarter of 2013.

Before the crisis, annual productivity growth averaged more than 2 percent.

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