{"id":125417,"date":"2021-05-18T00:25:03","date_gmt":"2021-05-18T00:25:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125417"},"modified":"2021-05-18T00:25:03","modified_gmt":"2021-05-18T00:25:03","slug":"uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/","title":{"rendered":"UK risks Italy-style decline as economic challenges mount – think-tank"},"content":{"rendered":"

LONDON (Reuters) – Britain faces a decade of major public policy challenges that could reduce economic performance to nearer that of struggling Italy than Germany, Europe\u2019s powerhouse, a think-tank said on Tuesday.<\/p>

FILE PHOTO: Skyscrapers in The City of London financial district are seen from City Hall in London, Britain, May 8, 2021. REUTERS\/Henry Nicholls <\/figcaption>

The Resolution Foundation said Britain had to address problems linked to Brexit on top of those faced by other countries including the impact of COVID-19, the transition to a net-zero carbon economy, an ageing population and technological change.<\/p>\n

Without proper plans, Britain risked failing to address the slowest productivity growth for over 120 years in the past decade and higher inequality than any country in the European Union except Bulgaria, it said.<\/p>\n

\u201cThe UK\u2019s recent record of weak productivity, stagnant living standards and high inequality makes a new economic approach desirable,\u201d Clive Cowdrey, founder of the Resolution Foundation, said.<\/p>\n

\u201cWhat makes a new approach essential is the scale of coming change.\u201d<\/p>\n

Prime Minister Boris Johnson has promised to \u201clevel up\u201d Britain\u2019s economy by targeting investment and jobs to areas that lag behind London and areas around the capital. He also talks of a \u201cGlobal Britain\u201d after its exit from the European Union.<\/p>\n

But the Resolution Foundation said Britain lacked a plan to achieve these goals over the next decade and that the country risked squandering economic strengths such as high levels of employment, which were now at risk from increased automation.<\/p>\n

As it launched an inquiry jointly with the Centre for Economic Performance at the London School of Economics, the Resolution Foundation said Italy had seen no growth in gross domestic product per capita over the past two decades while Britain recently fell further behind Germany.<\/p>\n

\u201cIf the UK\u2019s pace of underperformance relative to Germany continues at the same pace in the 2020s, then it will end this decade with GDP per capita much closer to that of Italy than Germany,\u201d the think-tank said.<\/p>\n

The inquiry is being funded by the Nuffield Foundation, a charity that funds research for social policy.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) – Britain faces a decade<\/p>\n","protected":false},"author":3,"featured_media":125416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nUK risks Italy-style decline as economic challenges mount - think-tank - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK risks Italy-style decline as economic challenges mount - think-tank - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) – Britain faces a decade\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-18T00:25:03+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/UK-risks-Italy-style-decline-as-economic-challenges-mount-think-tank.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/\",\"name\":\"UK risks Italy-style decline as economic challenges mount - think-tank - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-05-18T00:25:03+00:00\",\"dateModified\":\"2021-05-18T00:25:03+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"UK risks Italy-style decline as economic challenges mount – think-tank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK risks Italy-style decline as economic challenges mount - think-tank - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/","og_locale":"en_US","og_type":"article","og_title":"UK risks Italy-style decline as economic challenges mount - think-tank - Pre Coin News","og_description":"LONDON (Reuters) – Britain faces a decade","og_url":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/","og_site_name":"Pre Coin News","article_published_time":"2021-05-18T00:25:03+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/UK-risks-Italy-style-decline-as-economic-challenges-mount-think-tank.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/","url":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/","name":"UK risks Italy-style decline as economic challenges mount - think-tank - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-05-18T00:25:03+00:00","dateModified":"2021-05-18T00:25:03+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/uk-risks-italy-style-decline-as-economic-challenges-mount-think-tank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"UK risks Italy-style decline as economic challenges mount – think-tank"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/125417"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=125417"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/125417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=125417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=125417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=125417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}