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Ending stagnation

The UK has great strengths, but is a decade and a half into a period of stagnation. The toxic combination of slow growth and high inequality was straining the living standards of low- and middle-income Britain well before the cost of living crisis struck. It is time to embark on a new path.

This, the final report of The Economy 2030 Inquiry, sets out what such a path - a serious attempt to end Britain's relative decline - looks like. It navigates, rather than ignores, the constraints and trade-offs involved, and is hard-headed about what it takes to drive growth and ensure fairness. Prosperity must be built on an understanding of Britain's strengths, and a resolve to invest in our future rather than live off our past.

4 December 2023

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This work is published under POID and is part of the CEP's Labour markets programmeEducation and skills programmeUrban programmeCommunity Wellbeing programmeTrade programmeGrowth programme.