Posted 3/1/2024, 2:00:00 PM
Britain Faces Prolonged Economic Struggles: Weak Growth, Falling Living Standards Despite Low Jobless Rates
- British economy has endured 14 difficult years since 2010, with austerity, Brexit, pandemic, and now a cost of living crisis
- Growth, productivity, investment, and wages have all been weak over this period
- Inequalities between regions, age groups, and homeowners vs renters have widened
- Brexit uncertainty dampened investment for several years
- Unemployment has remained low despite multiple crises, but living standards are falling
