UK risks Italy-style decline as economic challenges mount – think-tank By Reuters – Investing.com

UK risks Italy-style decline as economic challenges mount – think-tank By Reuters – Investing.com

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's powerhouse, a think-tank said on Tuesday.

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.

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.