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Abstract:

CEP report
UK Growth: A New Chapter
Philippe Aghion, Terra Allas, Timothy Besley, John Browne, Francesco Caselli, Richard Davies, Richard Lambert, Rachel Lomax, Stephen Machin, G.I.P. Ottaviano, Christopher Pissarides, Isabelle Roland, Xavier Rolet, N Stern and Anna Valero February 2017
Paper No' CEPSP28B:
Full Paper (pdf)

Tags: gdp; innovation; infrasstructure; uk economy; skills; apprenticeships; education; government policy

The UK Economy is at a critical juncture. Leaving the EU creates economic challenges that necessitate widespread policy change. But this also generates an opportunity to tackle some of the long-standing challenges which have resulted in the UK’s productivity lagging behind our major competitors. Decisions made in the next year will have a lasting impact on the UK’s economic trajectory for years to come. If the government gets these decisions right, the economy will be more productive, more equitable and more environmentally sustainable.

The LSE Growth Commission belongs to a longstanding tradition of engagement between research, business and policy-making which has been the hallmark of the LSE since its foundation. The report draws on evidence and analytical arguments to make a range of concrete policy recommendations affecting labour markets, industrial strategy, trade, immigration and finance. Together they form a blueprint for growth which should command support across the political spectrum.