Mr Major’s Written Parliamentary Answer on Productivity – 11 July 1988

Below is the text of Mr Major’s written Parliamentary Answer on Productivity on 11th July 1988.

Mr. Anthony Coombs To ask the Chancellor of the Exchequer what has been the average annual increase in the productivity of the whole United Kingdom economy since 1980.

Mr. Major Since 1980 output per head in the whole economy has grown at an average rate of 2.75 per cent. per year, about the same as Japan and faster than any other major industrialised country.