UK Productivity Surge Signals Economic Turnaround, Study Finds

Britain is seeing early signs of a long-awaited turnaround of its productivity woes, according to an alternative measure that suggests output per hour worked has risen at a pace not seen since before the financial crisis.

The Resolution Foundation said a “blistering” productivity surge has been masked by problems with official statistics and pointed to encouraging indications of a clearout of “zombie” firms that contribute little to the economy.