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 primary school classroom. In the foreground are pots of pencils and rulers and water bottles. Children in blue school uniform are blurred in the background

    The IPPR Inclusion Taskforce

    Our new inclusion taskforce will focus on reforming England's failing special educational needs and disabilities (SEND) system.
  2. Southport high street on a sunny day. A colourful selection of people out shopping and some planters full of flowers

    Places to come together: Rebuilding local solidarities against the far right

    A discussion paper on the fight for local investment and why government must create, facilitate and maintain spaces where solidarity might thrive.
  3. A young woman with a long ponytail sits looking out of a bus window

    State of the North 2025 - The kids aren't alright: How to deliver for young people in the North

    This year’s State of the North report highlights how regional inequality exacerbates the growing challenges facing many young northerners.