Personal Income and Productivity: Germany
Lords · Question HL8808 · Tabled 25 Jun 2025 · Treasury · Official record
Answered 8 Jul 2025
Question
Asked by Lord Birt
To ask His Majesty's Government what assessment they have made of economic data for 2023 issued by the International Monetary Fund and the Organisation for Economic Co-operation and Development showing that GDP per person in Germany was 15 per cent greate
Answer
Answered by Lord Livermore, 8 Jul 2025
As was the case in many advanced economies, the UK experienced a slowdown in productivity growth following the Global Financial Crisis, but this was sharper than for our peers. HM Treasury published analysis at the Budget in October 2024 [1] , showing tha...