CIPD responds to ONS productivity statistics
Responding to the Office of National Statistics figures on UK productivity, CIPD acting chief economist, Ian Brinkley said:
“The continued growth in productivity in the second quarter of 2016 is very welcome, but it is still too early to say that a sustained recovery is underway. We have seen similar encouraging figures in the short term in recent years, only for the recovery to fizzle out.
“With the long term challenges posed by Brexit and wider adverse global trends, it is imperative that we do not let this recovery slip away.
“Securing a sustained recovery can only come from increased investment in people and new technologies. The forthcoming Autumn Statement needs to show how the government intends to support future productivity growth through investment in infrastructure, skills, and the science base.
“It is also vitally important that the new industrial policy being developed by the government includes a strong focus on skills development across the workforce and measures to support behaviours and practices in the workplace that lead to more efficient working.”