British households have low levels of financial resilience and are forecast a sluggish living standards recovery coming out of the COVID-19 pandemic. Currently, Britain is the result of an economy defined by the low growth of the past 15 years and the high inequality of the past four decades, which pose risks for our economy, society, and democracy.

The Resolution Foundation and LSE's Centre for Economic Performance write that the UK is a stagnation nation, whose realities are regularly ignored and the trade-offs between different objectives wished away. They argue that Britain must be understood for what it is: a services superpower.

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5 August 2022

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LSE Business Review

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https://blogs.lse.ac.uk/businessreview/2022/08/05/britain-a-services-superpower-sinking-into-stagnation/

This Blog is published under the centre's Growth programme, Labour programme, Trade programme.

This publication comes under the following theme: Inequality: Winners and losers, UK productivity and policy