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The “Great British Slowdown” has left families £1,400 poorer, according to the Resolution Foundation this morning.
The thinktank has published a new report, showing how the slowdown in economic change over the last 15 years has left the country poorer.
“The British economy has spent the past 15 years struggling from one major crisis to another. But while many people assume this severe economic turbulence has led to major economic change, in fact the opposite is true. Our economy is instead suffering from a Great British slowdown, which has hamstrung our economy, and left families £1,400 poorer.
“Britain needs more, not less, economic change. We need successful firms to grow, and struggling ones to shrink.
