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Solace blog

6th November 2023

MJ Article: Realising the UK’s economic potential, Amy Harhoff

“While recent projections for GDP growth are more optimistic than they were earlier in the year, the uptick is minimal, and Britain continues to lag behind many of our international competitors. Low productivity rates since 2007, compared with the pre-recession historical average contributed to compounded challenges for the economy and regional disparity continues to be a key issue.

The National Institute of Economic and Social Research (NIESR) says that despite London and the Greater South East being among the most productive parts of Europe, UK-wide productivity is lagging internationally.

The UK is the most inter-regionally unequal major economy in the OECD, with insufficient investment and a lack of human capital as contributing factors in these inequalities, as well as over-centralised and under-performing skills and employment systems…”

Click here to read the full article by Amy Harhoff, Solace deputy spokesperson for economic prosperity, in the MJ.