UK failure to meet changing consumer demands fuels rising imports and damages recovery
The UK economy has failed to adapt to changes in consumer tastes over the past decade, leading to an over-reliance on imported goods. This trend is now holding back the UK’s prospects for recovery, according to a report published today (11 July) by the business-backed Big Innovation Centre. The research calls on the government to help boost growth by increasing investment and support for emerging consumer markets and our most competitive export industries.
11 July 2012
Big Innovation Centre welcomes the Government’s new innovation strategy
Charles Levy, Senior Economist at the Big Innovation Centre commented:
“Today the government is rightly recognising innovation as the foundation of our modern economy. The government is a central player in the public and private networks that underpin innovation in our economy, and this strategy will enhance that role.
08 December 2011
Big Innovation Centre shows the five key areas of growth which will create jobs and speed up recovery
The government must throw its weight behind the five key sectors that could pull Britain clear of recession and create a wave of new jobs. With this morning’s (14 September) job figures expected to add to the gloom surrounding the UK economy, a report published today by the Big Innovation Centre suggests that Britain still has some major economic strengths that can be built upon. But, it argues, for Britain to achieve its full potential in these areas, the government must change its approach to the economy, and deal with the fundamental issues that are holding back growth in these areas.
14 September 2011