New IPPR report shows an accelerating wave of economic, social and technological change will reshape 2020s Britain
Brexit negotiations will fire the starting gun on the decade – so understanding these changes key for negotiations
- As the population grows, the UK is set to age sharply and become increasingly diverse. The 65+ age group will grow by 33% by 2030.
- The global economy and the institutions that govern it will come under intense pressure as the Global South rises in economic and political importance. Half of all large companies will be based in emerging markets;
- Due to demographic trends, a structural deficit is likely to re-emerge by the mid-2020s, with adult social care funding gap is expected to hit £13 billion – 62% of the expected budget – in 2030/31;
- Up to two-thirds of current jobs – 15 million – are at risk of automation. These changes in technology have the potential to create an era of widespread abundance, or a second machine age that radically concentrates economic power;
- The income of high-income households is forecast to rise 11 times faster than for low income households in the 2020s;
- Climate change, biodiversity degradation, and resource depletion mean we will increasingly run up against the limits of the physical capacity of the Earth’s natural systems;
- The UK has the richest region in Northern Europe but also 9 of the 10 poorest regions.
Kieren Walters 07921 403651 [email protected]
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