UK economy could resemble that of Italy by end of 2020s – report

UK economy could resemble that of Italy by end of 2020s – report

Britain risks mirroring Italy’s economic woes unless it develops a strategy for tackling the five seismic changes that will shape a decisive decade for the country, a report has warned.

A joint project by the Resolution Foundation thinktank and the London School of Economics said the UK was neither used to nor prepared for the challenges posed by the aftermath of Covid-19, Brexit, the net zero transition, automation and a changing population.

Announcing the launch of their Economy 2030 Inquiry, the two organisations said muddling through without a proper plan would be disastrous for the living standards of individuals and the economy as a whole.