Resolution Foundation Podcasts

Ending stagnation: The role of cities like Nottingham in boosting economic prosperity across Britain

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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. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation. Nottingham is in many ways a microcosm of this national challenge. It has become a hub for creative industries in the East Midlands, serving as the headquarters for major firms like Games Workshop, as well as global giants like Boots and e.on. The city’s many strengths – including the world-class university and services firms – must be harnessed to meet the economic challenges of the coming years. But it also has high levels of deprivation, and won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. What should a new national economic strategy for Britain include? How will economic change affect the jobs we do, t