Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what comparative assessment she has made of the level of business productivity in (a) 2018 and (b) 2023.

Productivity is the main driver of long-run economic growth and a key determinant of living standards. We continue to assess ONS inflation adjusted data. Details covering 2018 and 2023 Q3 are detailed below.

The Government continues to improve access to finance, skills, business support and to address barriers to trade using schemes such as Help to Grow: Management, British Business Bank programmes and the Export Academy.