A decade of stagnant living standards, weak productivity and low investment combined with a coming decade of major change - driven by Covid-19, Brexit and the need for accelerated action on Net Zero - mean that it is crucial for the UK to renew its economic strategy. Josh De Lyon, Ralf Martin, Juliana Oliveira-Cunha, Arjun Shah, Krishan Shah, Gregory Thwaites, and Anna Valero argue that the UK is a services-exporting superpower, but it is not narrowly focused on finance and has strengths outside the service sector, for example in clean technologies and pharmaceuticals. A renewed economic strategy cannot ignore the UK's history and current endowments: it needs to build on these areas of strength and protect them from new risks.
Josh De Lyon, Ralf Martin, Juliana Oliveira-Cunha, Arjun Shah, Krishan Shah, Gregory Thwaites and Anna Valero
25 August 2022
LSE Business Review
https://blogs.lse.ac.uk/businessreview/2022/08/25/the-uk-must-recognise-its-enduring-economic-strengths/
This work is published under POID and the CEP's Growth programme.
This publication comes under the following CEP theme: UK productivity and policy