Revised UK figures put output-per-hour growth at an average 1.3% a year in decade to 2019
Bloomberg, citing the Resolution think tank, reports that the revision could ease budget pressure on Chancellor John Healey—but not in time for his first set-piece event in October 2026.
TLDR
Bloomberg reports that the UK's statistics office used a new methodology to calculate that output per hour worked rose by an average 1.3% a year in the decade to 2019. The outlet describes the change as a partial solution to the UK's “productivity puzzle.” Citing the Resolution think tank, Bloomberg says the revised record could ease budget pressure on Chancellor John Healey, though not in time for his first set-piece event in October 2026.