UK Productivity Woes Less Dire Than Thought, Analysis Shows

The UK is enjoying its fastest productivity growth since the pandemic, according to new research from Pantheon Macroeconomics that relies on tax data instead of the standard labor-market figures.

Far from estimates showing output per hour worked fell by 0.6% in the second quarter from a year earlier, Pantheon’s study suggests productivity grew 2.1% — the fastest rise since 2018, when excluding the distortion of coronavirus lockdowns.