Low growth in the UK – and across the West compared to the East is not inevitable. It has happened because we have strived to achieve the wrong policy goals.
Unemployment is low and the proportion of the total population in work is at an all-time high, but far too many people are in low productivity, insecure jobs, struggling to make ends meet. The thesis in this report is that all these problems would be much more manageable if the economy was performing better – growing faster and doing so with less regional inequality.
The Institute for Prosperity's latest report details the role that batteries and fuel cells have in decarbonising our economy as we approach the government's 2050 net-zero target, and how the UK needs to invest much more to stay competitive.
The Institute for Prosperity has launched a bold blueprint of 10 key policy reforms to revive the British manufacturing industry, and crucially, get our economy growing at over three per cent GDP again.
