UK productivity upgrade offers long-term relief for Chancellor Healey, think tank says
An upward revision of Britain's productivity record could ease long-term pressure on Chancellor John Healey, though not before next month's fiscal event, according to the Resolution Foundation.
A potential upward revision to the United Kingdom's post-2008 productivity performance could eventually ease fiscal pressures on Chancellor of the Exchequer John Healey, according to research by the Resolution Foundation. However, the think tank stated that any official statistical adjustments will not arrive in time to assist the government ahead of Healey's first major economic address next month. In the longer term, improved productivity figures could raise baseline growth projections and afford the Treasury greater fiscal flexibility.
Sources: Bloomberg.