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UK productivity has for decades lagged behind other major economies and in 2014 output per hour remained 20 percentage points below the This Spending Review and Autumn Statement contains further steps to invest in infrastructure, skills and science.The government has a bold plan to rebalance the economy and strengthen every part of the UK, building up the Northern Powerhouse and investing across the country. Outside London and the South East, the number of private sector jobs increased by 1.6 million between Q1 2010 and Q1 2015, and there were over half a million more businesses at the start of 2015 than at the beginning of 2010.This will mean that Britain is better prepared for future shocks, ensuring long term economic security.The first duty of government is to ensure the economic and national security of the country.The Spending Review and Autumn Statement delivers on that priority.It sets out a long term economic plan to fix the public finances, return the country to surplus and run a healthy economy that starts to pay down its debt.

By ensuring Britain’s long term economic security, the government is able to spend £4 trillion on its priorities and will take action to: since the late 1960s, risks remain and the job is not complete.© Crown copyright 2015 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated.To view this licence, visit uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected] wages increased by 3.0% on the year in the 3 months to September, while real earnings grew by 2.9% over the same period.Low inflation, driven by falls in food and fuel prices, has helped support family incomes and household budgets.

By ensuring Britain’s long term economic security, the government is able to spend £4 trillion on its priorities and will take action to: since the late 1960s, risks remain and the job is not complete.

© Crown copyright 2015 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated.

To view this licence, visit uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]

Nominal wages increased by 3.0% on the year in the 3 months to September, while real earnings grew by 2.9% over the same period.

Low inflation, driven by falls in food and fuel prices, has helped support family incomes and household budgets.

The Spending Review and Autumn Statement: Building on the progress made over the last Parliament in public services, the government will introduce far-reaching reforms to create a more productive state, fit for the modern world.