Speeches

Nicholas Soames – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Nicholas Soames on 2016-04-14.

To ask Mr Chancellor of the Exchequer, what definition the Government uses of productivity.

Greg Hands

The government uses a number of measures to examine productivity, looking at output per hour, output per worker and output per job. While the measure used will depend upon the circumstances, output per hour is generally regarded as the best measure.