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<p>The only sustainable way to raise wages, boost living standards, and increase growth
is to boost UK productivity.</p><p> </p><p>Since 2010 we have provided over half a
trillion pounds in capital investment, increased investment in skills, and reduced
taxes for businesses. At the Autumn Budget, we took further action to increase productivity.</p><p>
</p><p>Productivity grew by 0.2% in the last quarter (Q4 2018) and is now 1.9% above
its pre-crisis peak. Slow productivity growth since the crisis has not been a phenomenon
exclusive to the UK, but across the G7.</p>
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