Productivity - Britain’s shocking lag on productivity on his watch exposes the failure of George Osborne’s short-term policies - Seema Malhotra

[labourpress]

Seema Malhotra MP, Labour’s Shadow Chief Secretary to the Treasury, responding to the publication today by the ONS of the International comparisons of productivity for 2014, said:

“Britain’s shocking lag on productivity on his watch exposes the failure of George Osborne’s short-term policies. It is the key to long-term prosperity, which George Osborne is now threatening with today's figures showing that the productivity gap has now widened to the worst level since records began.

“Instead of allowing vital industries like steel to go to the wall, and hitting sectors of the future like renewables with cuts in support, we need a government prepared to invest in skills, infrastructure and research.”