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Thinktank says Manchester and Birmingham’s relative underperformance ‘at heart’ of UK’s stagnation

By 2023-12-08T11:49:00

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Second cities must grow significantly to break UK out of cycle of low productivity, says report

A new report published this week argues that growing Britain’s second cities will be key to breaking the UK economy out of a cycle of low growth and falling real wages.

Titled Ending Stagnation – A New Economic Strategy for Britain, and published by The Economy 2030 Inquiry, a collaboration between the Resolution Foundation and the Centre for Economic Performance at the LSE, the report argues that Britain has experienced 15 years of relative decline, marked by stagnant productivity growth and flatlining wages.

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