UK needs new plan to reverse hit to living standards, researchers say

UK urged to use ‘superpower’ strength in services sectors to boost living standards

Radical shift in policy is needed to close gap with peer countries, says research by two think-tanks

Job Market Confidence Creates Inflation Headache: The London Rush

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UK needs new plan to reverse hit to living standards, researchers say

Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday.

UK needs new plan to reverse hit to living standards, researchers say

UK needs new plan to reverse hit to living standards, researchers say Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday. British productivity growth has been half that of other rich economies, costing workers an average of 10,700 pounds ($13,577) a year in lost pay, the Resolution Foundation and the London School of …

British workers missing out on £10,700 a year as living standards fall

Report by Resolution Foundation and LSE calls for economic strategy rethink after 15 years of relative declineBritish workers are missing out on £10,700 a year after more than a decade of weak economic growth and high inequality, according to a major report warning that UK living standards are falling behind comparable rich nations.In a damning report on the economy, the Resolution Foundation and the London School of Economics’ Centre for Econom…

Britain’s productivity a living standards ‘disaster’

Report says UK should prioritise public and private investment, expand its big cities and find ways to ensure there is “good work” in every town