UK economy more productive than thought, as Bank of England prepares for interest rate decision

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UK economy more productive than thought, as Bank of England prepares for interest rate decision – business live

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Newsflash: Britain’s economy has been more productive since Tony Blair’s first election win than previously thought.

A new measure of measuring productivity, just released by the Office for National Statistics, shows that annual productivity growth since 1997 has been stronger than it had estimated in the past.

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