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Ending Stagnation
The Economy 2030 Inquiry - The Final Report


The UK has great strengths, but we are now a decade and a half into a period of stagnation. The combination of slow growth and high inequality is proving toxic for low- and middle-income Britain, with living standards under strain well before the cost of living crisis. The task facing the UK is to urgently embark on a new path.

This, the Final Report of The Economy 2030 Inquiry, sets out what a serious attempt to end Britain's relative decline looks like. Constraints and trade-offs are examined, and hard-headed choices made.

At its core is a strategy to reverse decades of under-investment, by private and public sectors alike, built on a realistic understanding of Britain's strengths. In place of nostalgia we must mobilise behind achievable versions of the future. The UK is a services superpower, an advantage to be built on in our great second cities. Good quality jobs must become the deliberate objective - rather than by-product -of our economic strategy, while our tax and benefit systems must fairly share rewards and sacrifice, as we target resilient public finances and rebuilt public services. Economic change must be faced and steered to support widely shared prosperity, as we wrestle with major shifts from Brexit to the net zero transition.

The Economy 2030 Inquiry is a collaboration between the Resolution Foundation and the Centre for Economic Performance at the London School of Economics, funded by the Nuffield Foundation. This Final Report is underpinned by the Inquiry's rigorous analysis, drawing on 70 reports, as well as extensive conversations with citizens and policy makers across the country. We thank all of those who have contributed to this work, and in particular our commissioners and staff for their commitment and engagement over the past two years.

Ending our stagnation will not be easy, but is essential for our shared prosperity, and it can be done. Now is the time for Britain to move beyond the dead-ends of boosterism and fatalism.

It is time for a new economic strategy for Britain.

Clive Cowdery & Minouche Shafik
Co-Chairs, The Economy 2030 Inquiry

Download the Report here in pdf format

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