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. A view of Glasgow, Scotland, from above.

    More than a safety net: The welfare state as springboard to economic success and a better country

    A perceived conflict between social spending and economic dynamism is deeply embedded in both Scottish and UK political discourse.
  2. The Home Office building in London

    Far from settled: The government’s ‘earned settlement’ consultation

    How long should people have to wait until they can permanently settle in the UK? This is the core question underpinning the Home Office’s ‘earned settlement’ policy, currently out for consultation.

  3. Rethinking public sector productivity

    This is the second in a series of IPPR Scotland blogs as part of our project on Employment, Productivity and Reform in the Scottish Public Sector. This project is funded by the Robertson Trust.