The UK’s economy is as imbalanced now as it was before the financial crisis. It’s time to shift the focus back towards industrial communities, says Paul Johnson. At a national level the UK economy has been growing but this has not been replicated in wage growth. In fact, the UK is the only developed nation with more people in work but in lower paid jobs. At a regional level, GDP per head in the poorest UK regions is lower than any region of France, Germany, Belgium, Holland, Luxembourg, Austria, Ireland, Sweden, Finland or Denmark. Research has shown that it is often Britain’s older industrial areas, places that the Industrial Communities Alliance represents, that fare the worst in these regions. The economic recovery was led by London and the south east. This widened pre-existing divides in economic wellbeing. For example, between 2010 and 2014 a higher proportion of employment growth in … (To read the full article, subscribe below)

Paul Johnson
Paul Johnson is research and lobbying assistant at the Industrial Communities Alliance