A couple of years ago I was talking to a government minister about the UK’s productivity problem and how, unless it was fixed, the prognosis was pretty bad. Any government would give its eye teeth for strong employment and low unemployment numbers. Employment growth in the latest three months was not as strong as a month ago, but with the total at a new record level who is complaining? The unemployment rate, at 3.9 per cent, stayed at its lowest since the mid-1970s. Productivity remains stagnant, but a government delivering that combination should have little to worry about.

Source: The Times April 16, 2019 16:14 UTC