Resolution Foundation Podcasts

Boosting prosperity across Britain: How cities like Bristol can help to end economic stagnation

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Synopsis

A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Wages today are no higher than they were before the financial crisis, and England’s biggest cities beyond London all have productivity levels below the national average. Britain needs a new economic strategy to lift itself out of stagnation. In many ways, Bristol reflects the challenges facing the country as a whole. It has long been a hub for high-value aerospace manufacturing and also has considerable strengths in services, including education, creative industries and green technology. But it also faces considerable challenges – from poor public transport to high housing costs – that limits growth and reduces living standards. Harnessing the city’s many strengths will be critical to meeting the economic challenges of the coming years, but Bristol won’t truly thrive unless all its citizens benefit from growth and investment. The Budget on 6th March was the Government’s las