Clear all

2 results found

reorder grid_view

Enduring strengths: Analysing the UK’s current and potential economic strengths, and what they mean for its economic strategy, at the start of the decisive decade

April 28, 2022

Key to building a new economic strategy which can revitalise the UK economy after a decade of stagnation is understanding our current strengths, how these strengths evolve, and the trade-offs they present.The report uses global data on trade in goods and services and patenting to uncover where the UK's relative strengths lie; we study the extent to which these strengths have changed over time and compare with international peers; and undertake several deep dives into the areas in which the UK has developed a specialism. Finally we consider what the UK's mix of specialisms means for a wider economic strategy.

The Living Standards Outlook 2022

March 8, 2022

This is our fourth Living Standards Outlook, exploring how household incomes and inequalities may change over the next five years, based on the latest economic forecasts and Government policy. We explore how Covid-19 has buffeted incomes over the last two years; what exceptionally high inflation, the conflict in Ukraine and policy changes will mean for UK living standards this year; and the longer-term prospects for recovery. Our projections use Bank of England and Office for Budget Responsibility forecasts for prices, wages, employment and more, but our modelling looks beyond averages to show what these aggregate forecasts could mean for real living standards across society.