While many have articulated the problems, finding solutions to sluggish local economies is more elusive. At today’s Work Foundation/CLES event, ‘Economic Development: Innovating for Local Growth?, Professor Henry Overman, director of the Spatial Economics Research Centre at the LSE, made a plea for greater acknowledgement that, really, we don’t have a clue what economic development should do now.
Even having a job is no guarantee you won’t slip into poverty. Recent evidence from New Policy Institute (NPI), commissioned by Joseph Rowntree Foundation (JRF), tells the latest story of poverty in the UK – ‘in work’ poverty is on the rise. The story of poverty in the UK is a lengthy complicated volume, with no end in sight.