The warning from the Paris-based thinktank on Tuesday came as it argued Brexit uncertainty will result in Britain missing an upswing in global growth next year. The gloomy outlook comes a week after Philip Hammond delivered the sharpest downgrade in economic growth at a budget since the Conservatives came to power in 2010. The government also published its industrial strategy white paper this week in an effort to improve the UK’s sputtering record on productivity growth, which has held back economic growth and pay since the financial crisis. In the UK, productivity growth has stalled since the financial crisis, putting it behind international rivals. Weak productivity is problematic because it signals weaker economic growth, therefore eroding the public finances.

Source: The Guardian November 28, 2017 12:51 UTC