UK has lacked coherent economic strategy for years, thinktank finds

Politicians have faced a succession of global shocks but workers will be £470 a year worse off by the end of the decade, the Resolution Foundation says. Photograph: Paul Ellis/PA

For years the British government from the prime minister down has lacked a coherent economic strategy, according to a thinktank’s health check of UK prospects.

“We are not on course towards setting any such strategy – indeed, we are not serious about the task,” says the report, titled “Ending Stagnation – a new economic strategy for Britain”.