Economy 2030· Cities and regions· Scotland Ending stagnation How to boost prosperity across Scotland Thursday 6 June 2024 This event was in Glasgow. A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new … Continued READ MORE
Economy 2030· Cities and regions Setting a new path to greater, shared prosperity How cities in the North East can help to end economic stagnation Tuesday 21 May 2024 This event was in Newcastle. A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new … Continued READ MORE
Economy 2030· Cities and regions Building a better Britain How cities like Bradford can help to end economic stagnation Thursday 16 May 2024 This event was in Bradford. A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new … Continued READ MORE
Economy 2030· Cities and regions Overcoming stagnation A new strategy for economic prosperity in Britain? Thursday 25 April 2024 This event was in Bath. Economic growth in the UK has been sluggish ever since the global financial crisis. More recent large-scale disruptions caused by Brexit and Covid-19 have created additional challenges to growth and the vital public services, institutions, and fiscal measures that underpin it. Productivity and public investment remain low. Meanwhile, stalling wage … Continued READ MORE
Economy 2030· Cities and regions A new Economic Strategy for Britain How can Oxford help drive equitable economic growth? Tuesday 23 April 2024 This event was in Oxford. Economic growth in the UK has been sluggish ever since the global financial crisis. More recent large-scale disruptions caused by Brexit and Covid-19 have created additional challenges to growth and the vital public services, institutions, and fiscal measures that underpin it. Productivity and public investment remain low. Meanwhile, stalling wage … Continued READ MORE
Economy 2030· Cities and regions Boosting prosperity across Britain How cities like Bristol can help to end economic stagnation Thursday 7 March 2024 This event was in Bristol. A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Wages today are no higher than they were before the financial crisis, and England’s biggest cities beyond London all have productivity levels below the national average. … Continued READ MORE
Economy 2030· Cities and regions Ending stagnation The role of cities like Nottingham in boosting economic prosperity across Britain Thursday 29 February 2024 This event was in Nottingham. A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new … Continued READ MORE
Economy 2030· Net zero· Living standards· Demographics· Firms· Productivity & industrial strategy· Brexit & trade· Cities and regions· Economic growth· Tax· Macroeconomic policy Ending Stagnation A New Economic Strategy for Britain Monday 4 December 2023 The final report of The Economy 2030 Inquiry The UK has great strengths, but is a decade and a half into a period of stagnation. The combination of slow growth and high inequality is proving toxic for low- and middle-income Britain. The result is a country falling behind its peers, where taxes, rather than wages, … Continued READ MORE
Economy 2030· Productivity & industrial strategy· Economic growth Inventing a better Britain How does R&D fit into a new UK economic strategy? Wednesday 15 November 2023 Low productivity is the foundational cause of Britain’s recent economic malaise, and raising it is a top priority for policy makers. Public and private investment in research and development is a key route to boosting productivity and future economic growth. But businesses often complain that policy makers are failing to create an environment that encourages … Continued READ MORE
Economy 2030· Cities and regions In place of centralisation Devolution for London, Manchester and Birmingham Wednesday 8 November 2023 Devolution is essential to both tackle economic inequality across England and drive national economic growth. Significant change has already occurred, with metro mayors and combined authorities taking control over significant areas from transport to housing in areas covering large swathes of the country. But we have not seen fiscal devolution, as responsibility for how money is spent … Continued READ MORE
Economy 2030· Productivity & industrial strategy· Public spending Creaking at the seams Can we bring Britain’s trains, drains and mains into the 21st Century? Wednesday 1 November 2023 Britain faces a simply huge infrastructure challenge. As well as decarbonising our homes, we need to modernise our water, energy and transport networks, replacing basic infrastructure that often dates back to the Victorian era. Achieving this is likely to require major investment, regulatory reform and new institutions to drive forward change, as well as a … Continued READ MORE
Economy 2030· Skills People-powered growth Equipping young people with the skills Britain needs to prosper Tuesday 24 October 2023 Britain urgently needs to boost its economic growth. But while there are many routes to doing so, most ultimately come down to people boosting national prosperity – and to do this they need the right skills for the challenges and opportunities that lie ahead. But Britain’s record on skills is chequered – its often world … Continued READ MORE
Monetary policy· Economy 2030· Fiscal policy· Macroeconomic policy Riding the economic rollercoaster Is Britain’s macroeconomic policy framework fit for purpose? Thursday 19 October 2023 Britain’s macroeconomic policy that the Treasury and Bank of England have got used to is crisis management – from a financial crash to a global pandemic and a huge inflation spike. Both have adopted new approaches to supporting the economy, going far beyond textbook cuts to interest rates. Today the legacy is higher levels of … Continued READ MORE
Economy 2030· Labour market Creating a Good Jobs economy Lecture by Professor Dani Rodrik Wednesday 27 September 2023 Advanced economies across the world have been buffeted by acute shocks crises like the Covid-19 pandemic and war in Ukraine, at the same time as they are grappling with longer-term challenges like deindustrialisation, the rise of AI and globalisation. Labour markets across a range of countries have experienced persistent wage stagnation, the rise of insecure … Continued READ MORE
Economy 2030· Firms· Productivity & industrial strategy More change please Why Britain needs a more dynamic economy Monday 25 September 2023 Change is accelerating, or so we are told. But while the world is changing, it’s far less clear that Britain’s economy is. In fact we’re seeing less industrial change, as some sectors grow and others shrink, than has been the case for decades. Fewer workers are moving jobs. This matters because, while many of us … Continued READ MORE
Economy 2030· Incomes· Productivity & industrial strategy· Labour market Risk reduction Can earnings insurance underpin a more dynamic jobs market and a more productive economy? Thursday 21 September 2023 Losing your job in Britain can be a very expensive business. Low and flat rate benefits leave many workers facing huge income falls if they face a period out of work. This gives them a strong incentive to take a new job quickly – but not necessarily the best fit for their talents. And it … Continued READ MORE
Economy 2030· Labour market· Cities and regions· Housing Making Greater Manchester great again What is GM’s plausible path to greater prosperity? Tuesday 19 September 2023 This event was held in Manchester. Greater Manchester has long been centre-stage in visions of a more geographically equal country – from the Northern Powerhouse to levelling up. But the rhetoric has outpaced the reality: productivity and wages across the city region remain 10 and 4 per cent below the national average. What it would … Continued READ MORE
Economy 2030· Labour market· Cities and regions· Housing Building momentum in Birmingham and beyond What is Birmingham urban area’s plausible path to greater prosperity? Thursday 14 September 2023 This event was in Birmingham. The West Midlands has played a pivotal role in British history as a manufacturing hub, driving innovation and economic growth which led to dramatic improvements in people’s living standards. But its city region has struggled to maintain this role over recent decades, and productivity is now 11 per cent below … Continued READ MORE
Economy 2030· Low pay The Innovation Job Can new labour market institutions drive good work? Monday 4 September 2023 Nationally set minimum standards – from the minimum wage to holiday pay – make a real difference to the quality of low-paid work. But these reforms can only go so far. Many problems in the world of work are concentrated in specific sectors, from social care to logistics. And even when problems are shared – … Continued READ MORE
Economy 2030· Living standards· Labour market· Inequality & poverty· Housing Shared prosperity What would it take to see a return to rising living standards for all? Tuesday 4 July 2023 Britain is stagnating. Productivity growth is flatlining, workers today are earning the same wages as their predecessors in 2007, and living standards growth had slowed to a crawl even before today’s cost of living crisis. So we need a clear strategy for returning to rising, and widely shared, prosperity. Against that backdrop, it is important … Continued READ MORE
Economy 2030· Tax From quantity to quality How to have better, not just higher, taxes Wednesday 28 June 2023 Britain’s tax take has risen to a 70 year high. And while the pre-election clamour for tax cuts is growing, higher debt payments, struggling public services and tight fiscal rules mean taxes are just as likely to go up as down. But this rising quantity of tax revenue has not been matched by a rising … Continued READ MORE
Economy 2030· Firms· Productivity & industrial strategy· Economic growth An investment nation Can Britain shift from living off its past to investing in its future? Thursday 22 June 2023 Britain is in relative decline, as productivity and wages stagnate. This reflects a decade of shocks but also a longer lasting problem – Britain has spent recent decades living off its past rather than investing in its future. In both public and private investment the UK consistently lags behind its international peers, leaving British workers … Continued READ MORE
Economy 2030· Net zero Living in a material world How resources shape our past, present and future Monday 19 June 2023 Materials matter. They have been critical in shaping the path of human history, from the innovations we create to the relationships between nations. This has always been true from iron in the 19th Century to lithium that powers our smartphones today. But changing international dynamics – driven by shifting geopolitics, the recent energy crisis and … Continued READ MORE
Economy 2030· Brexit & trade The UK’s trade trajectory In search of a post-Brexit trade strategy Thursday 15 June 2023 Brexit was a seismic break for the UK, not least in bringing to a close a decades long trade strategy focused on integration with European markets. Since then the Government has successfully rushed to sign as many trade agreements as possible, but these largely roll over arrangements inherited from EU membership, with little prospect of … Continued READ MORE
Net zero· Economy 2030 Running out of road? How to avoid (net) zero car taxation Thursday 1 June 2023 The UK is decarbonising its stock of cars quicker than most people expected – last year there were over a million Electric Vehicles (EVs) on our roads. This is great news for both people and the planet, as EVs are cheaper and cleaner to drive. But this transition presents challenges too – not least to … Continued READ MORE
