Monday 25 September 2023

More change please

Why Britain needs a more dynamic economy

Change is accelerating, or so we are told. But while the world is changing, it’s far less clear that Britain’s economy is. In fact we’re seeing less industrial change, as some sectors grow and others shrink, than has been the case for decades. Fewer workers are moving jobs. This matters because, while many of us are ambivalent about change, such economic dynamism has historically been a big driver of productivity – and pay – growth.

What has happened to the pace of economic change – for workers, firms and the economy as a whole? How much does this matter? Can policy makers help to foster a more dynamic economy? And what should be done to deal with the disruption that a more dynamic economy could bring?

The Resolution Foundation is hosting an in-person and interactive webinar – as part of The Economy 2030 Inquiry, funded by the Nuffield Foundation – to debate and answer these questions. Following a presentation of the key highlights from new research on how to encourage more dynamism, we will hear from leading experts on the gains, challenges and trade-offs that more economic change will bring.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.