Is low UK Productivity Due to Low Investment? No says the data

No.  here's the latest ONS MFP numbers, released Jan 2014. Figure21 shows the contibution from capital deepening have fallen since 2008, but are not enough to explain the fall in labour productivity.








The accompanying table suggests this:

Figure 2: Whole Economy: Decomposition of  Labour Productivity growth
CHART DATA
Percentage points
		Contributions from
Year	Labour Productivity Growth	Capital deepening	Labour composition	MFP growth
2000	4.0	1.4	0.5	2.1
2001	1.0	1.1	0.1	-0.2
2002	2.2	1.4	0.5	0.3
2003	3.8	1.2	0.7	1.8
2004	2.8	1.3	0.1	1.4
2005	1.4	0.5	0.6	0.3
2006	2.1	0.6	0.4	1.1
2007	2.6	0.6	0.5	1.6
2008	0.0	1.2	0.4	-1.6
2009	-3.6	1.2	1.0	-5.8
2010	1.5	0.3	0.9	0.2
2011	0.7	0.4	0.7	-0.3
2012	-1.7	-0.6	0.8	-1.9
averages
2000-07	2.5	1.0	0.4	1.0
2008-12	-0.6	0.5	0.8	-1.9