Britain, a services superpower sinking into stagnation

LSE Business Review Blog, (2022) Britain, a services superpower sinking into stagnation. LSE Business Review (05 Aug 2022). Blog Entry.

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Abstract

British households have low levels of financial resilience and are forecast a sluggish living standards recovery coming out of the COVID-19 pandemic. Currently, Britain is the result of an economy defined by the low growth of the past 15 years and the high inequality of the past four decades, which pose risks for our economy, society, and democracy. The Resolution Foundation and LSE’s Centre for Economic Performance write that the UK is a stagnation nation, whose realities are regularly ignored and the trade-offs between different objectives wished away. They argue that Britain must be understood for what it is: a services superpower.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2022 The Authors
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	20 Sep 2022 14:39
Last Modified:	11 Dec 2024 21:12
URI:	http://eprints.lse.ac.uk/id/eprint/116490

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