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Spring Statement 2018: The UK needs to address productivity

The UK needs to address productivity

James Stewart, Vice Chair at KPMG in the UK comments on today’s Spring Statement


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“The Spring Statement contained few new details, but it was reassuring to see the Chancellor refer to Britain’s productivity challenge in his response to the OBR’s forecasts. Tackling this challenge is vital as we prepare for Brexit and look to improve our infrastructure in important areas such as technology, roads, railways and airports to connect business with employees and customers across the UK. 

“If UK productivity is going to improve, the Government’s Industrial Strategy must fix these imbalances and offer greater support to the regions and their leadership. We welcome greater investment in the UK’s workforce and encourage investment in new technologies to accelerate growth in our economy.”



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For further information please contact:

Paul Middleton, KPMG Corporate Communications

T: +44 (0)20 7694 2180

M: +44 (0) 7387 257 543 


KPMG Press office:

T:  +44 (0) 207 694 8773

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 


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