The UK in the global economy

Article

The UK economy is not delivering. On the surface it has some impressive strengths: employment levels are high, fewer older people are living in poverty than in the past, and we have a number of globally successful sectors. But there aren’t enough such sectors and too few people have been sharing in their successes. In recent years our economy has been growing, but most people are no better off than a decade ago. For many people the economy does not appear to be working at all.

Policy responses to structural changes in the global economy have also failed to deliver a just economy. Previous waves of technological change have enabled greater offshoring and changed the shape of the labour market, with differential effects on groups in society. Inaction on climate change will have the greatest impact on those who are most vulnerable and are least to blame.

This time must be different. The political response is and must be ours to determine; we must choose a way forward that points to both prosperity and justice. Policymakers who value the goal of a stronger and fairer economy must be ready with a bold and coherent policy programme in response to crisis and change.

This will be the agenda for the Centre for Economic Justice.

Related items

  1. An energy smart meter sits on a countertop. It reads electricity: £61.71, gas: £148

    Flex factor: How government can keep network costs on bills down

    Government must strike a better balance between bringing down energy bills now and building a system fit for the future.

  2. Acceleration is not a strategy: A framework for directing AI towards public value before it's too late

    The politics of artificial intelligence is set to drastically change in 2026 as recent technical breakthroughs get implemented across the economy. 

  3. Seb Rees on GB News discussing NHS funding