Britain has been stuck with stagnant growth for over a decade now. A cocktail of factors, including gaping inequality, have held back British households—and, according to a major new report, that could continue for years to come unless radical measures are taken to reverse the country’s course.
The cost of economic stagnation has set households in the U.K. back by £8,300 (about $10,519) compared to some of its peers elsewhere in Europe, such as France and Germany, a study published Monday by the Resolution Foundation and the Centre for Economic Performance at the London School of Economics found.
