How can we ensure that we have an economy that works for everyone?
Brexit, Trump and the rise of left and right wing populism are different manifestations of the same phenomenon – a widespread call to end business as usual. The politics of the left behind is now the epicentre of uncertainty. But as Britain seeks to carve out a new place in the world for itself, do we have an unprecedented opportunity to rethink our social and economic priorities?
The Inclusive Growth Commission was set up in April 2016 to identify practical ways to make inclusive growth a reality. Chaired by Stephanie Flanders, former economics editor of the BBC and Chief Strategist (UK and Europe) for J P Morgan, the Commission is calling on all leaders – in business, civil society, public service and government – to make inclusive growth our working definition of economic success.
The UK government has set out an ambitious goal to create an economy that works for everyone, not just the privileged few. At this event the Commission will launch its final report which will outline a practical roadmap for a more inclusive economy, where everyone can benefit from greater prosperity.
Panel to include Stephanie Flanders, Commission Chair and Chief Market Strategist for the UK and Europe, J P Morgan Asset Management; Tim Besley, School Professor of Economics and Political Science, LSE and Irene Lucas CBE, Chief Executive, Sunderland City Council.
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Excellent, presentation of detailed and thorough work on a much-needed area of attention. I am particularly interested to see how this now parallel's and will unfold with the evolving paradigms of our time.
Following on from the pre-launch event on 6th of March at Bradford and to coincide with the RSA Inclusive Growth Commission report today, we are having a workshop at the University of Bradford on 'Inclusive growth and sustainable cities'. Speakers include: Sir Richard Jolly, Prof Julio Navio Marco, Dr Joe Ravetz, Dr Vandana Desai, Dr Fiona Macaulay and our colleagues from the City of Bradford Metropolitan District Council Jamie Saunders, Mark Clayton and several others working in the economic community of Leeds City Region. Inclusive growth is a clear alternative to pure redistribution and is based on growing quality and productive jobs that benefit everyone. UK's productivity puzzle is not really a puzzle at all if we also consider the economic geography. Looking only at GVA per worker might make us conclude that a worker in London is twice as productive as a worker in Powys in Wales. However, quite a lot of this productivity gap has nothing to do with the individual person but a lot to do with the productivity of infrastructure investments and connectedness of agglomeration economy. While inclusive growth is a fundamental part of how to make cities more inclusive and sustainable, we should remember that growth alone is not enough.
This Workshop today is being organised as part of a three year British Academy funded research programme on Governance for inclusive, smart and sustainable cities. Please see the link below for more details.
http://www.bradford.ac.uk/social-sciences/events-and-podcasts/conferencesandevents/inclusive-smart-and-sustainable-cities/
Congratulations to RSA Inclusive Growth Commission for a much needed debate on these very important issues.
PB Anand