Productivity growth is central to the UK economy. Higher productivity allows the UK to produce more output without increasing its inputs (eg an employee pr

New official figures put Britain more in line with peer countries in terms of output per hour worked

Chancellor resigned as defence secretary in June over what he saw as inadequate ambition for military spending by Sir Keir Starmer’s government

Six members of the Monetary Policy Committee, which makes the decision, voted to hold the rate - while the other three wanted an increase to 4%.

The latest update of our forecasts was published on 26 November 2025 in the November 2025 Economic and fiscal outlook. Read the Executive summary for the key messages of our forecast or the full repor...

There has been a lot of focus recently on labour productivity, which looks at how much is produced for each hour worked across the economy. Richard Heys explains the different measures the ONS

Appointing John Healey as chancellor signals this priority. Healey resigned as defence secretary in June over shortfalls in funding the defence investment

Appointing John Healey as chancellor signals this priority. Healey resigned as defence secretary in June over shortfalls in funding the defence investment

As it drives up inflation, we estimate the Treasury could lose up to £8 billion a year from higher debt payments and lower tax revenues that result from lo