Rebecca
Long-Bailey MP, Labour’s Shadow Secretary of State for Business, Energy and
Industrial Strategy,
commenting on falling productivity in the UK, said:
“Our
capacity to raise long run living standards seems to be going backwards.
“Productivity
growth has been the basis of rises in living standards over the last two
hundred years. Yet for each hour of work we put in today, we get less out than
we did ten years ago. Further, productivity was 15.1 per cent below the average
for the rest of the G7 in 2016.
“This country needs a radical and transformative
industrial strategy. The only party that can deliver this is Labour.”
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