Stagnation nation

Think tank: Resolution Foundation

Author(s): Various Authors

July 13, 2022

This report from UK think tank Resolution Foundation looks at navigating a route to a fairer and more prosperous Britain.

The UK has great strengths, but is over a decade into a period of stagnation. The toxic combination of slow growth and high inequality was posing challenges for low-to-middle income Britain’s living standards even before the post-pandemic cost of living crisis struck. The task of the 2020s is to overcome this stagnation while wrestling with a decade of significant economic change, as Britain recovers from the pandemic, adjusts to exiting the EU, and transitions towards a net zero future. This Interim Report brings together the first phase of The Economy 2030 Inquiry’s research, focused on the state of the UK economy and the changes facing it. It draws on that analysis, but also on conversations with citizens and policy makers about their experiences of the country as it is, and aspirations for what it could be.