July 18, 2024

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Britain’s Economic Stagnation Leaves Households £8,300 Worse Off

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Fifteen years of economic stagnation have left the typical UK household £8,300 ($10,550) poorer than peers in countries like France and Germany, according to a major report on the state of the nation.

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(Bloomberg) — Fifteen years of economic stagnation have left the typical UK household £8,300 ($10,550) poorer than peers in countries like France and Germany, according to a major report on the state of the nation.

The finding from the Resolution Foundation and the Centre for Economic Performance at the London School of Economics accompanied proposals to shake the UK out of its economic malaise by boosting growth, raising living standards and cutting inequality. 

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Bloomberg News

2023-12-03 19:27:11

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