The future of the UK economy

The whole of the United Kingdom is facing a decisive decade of huge economic change, from tackling the energy bills crisis, to restructuring after Brexit and the pandemic, and urgently transitioning towards a net zero future. These shifts present big new opportunities for people and places throughout Wales, such as being a hub for renewable energy and manufacturing. But failing to respond to the disruption these changes also carries huge risks – to our living standards, our communities, and to our planet. Wales’ many strengths must be harnessed to manage this change well and maximise the benefits for all.

How will economic change affect the jobs we do, the places we live and the firms we work for? How can we build a new economic strategy that responds to the challenges of the 2020s, as well as our legacy problems of weak productivity, high inequality and stagnating living standards? And how can that strategy deliver a just transition at both local, national and UK-wide levels?

As part of the Economy 2030 Inquiry – in collaboration with the Centre for Economic Performance at the LSE and funded by the Nuffield Foundation – the Resolution Foundation are hosting this event to debate and answer these questions. Based on the research findings from the Inquiry so far, we will discuss how the UK, and Wales in particular, has responded to past periods of economic change. We will be joined by leading experts, including Vaughan Gething, Welsh Minister for the Economy, to discuss how to make the coming decade of change a success.