The future of the UK economy

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Presentation at Resolution Foundation event in Belfast on navigating a route to a fairer and more prosperous Northern Ireland and beyond

Government & Nonprofit

How has the UK and Northern Irish
economy been performing?

Following a decade of relative decline we
need to get serious about growth

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The upcoming Spring Budget may be the last big fiscal event before the General Election, one of few chances for the government to set the terms of the economic debate. And with the government trailing heavily in the polls, and the economy entering a mild recession at the end of last year, the pressure is on to make it a game-changing Budget economically and electorally. But the Chancellor will also have to confront real trade-offs if he’s deliver a Budget that works for both the next six months, and the five years after that. How big are the Chancellor’s tax cuts? Do they change the big picture of the government’s wider tax raising plans? What is the outlook for public services after the election? Where does the government plan to take the social security system, as it copes with rising numbers of us being sick or disabled? And will any of this make any difference to who forms the next government, and what they’re able to do? The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from the Resolution Foundation’s overnight analysis of Spring Budget 2024, we’ll hear from leading experts on what the Budget means for the election, and the economy.

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Advanced economies across the globe have experienced a series of unprecedented economic shocks since the start of the century. But they have not affected all generations equally. The disproportionate impact on the financial wellbeing of younger people has sparked concerns about generational fairness on both sides of the Atlantic. Fifteen years on from the global financial crisis, its impact is still being felt by the young, and the not-so-young-anymore, across Europe and America. How have the living standards of millennials, boomers and Gen Xers fared on either side of the Atlantic? Have British generations been permanently scarred, or are they bouncing back? How have different cohorts coped with soaring housing costs, inflated asset prices, and wages that have barely budged in 15 years? And how can today’s working population expect to be supported in retirement, as the state struggles to reconfigure itself around an ageing population?

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The 11th Annual NERI Dónal Nevin Lecture in association with the School of Social Sciences, Education and Social Work at Queen's University Belfast took place on Monday 16 October, 2023 from 11am - 1pm. The venue was the Canada Room (and Council Chamber), Lanyon Building, Queen's University Belfast. Torsten Bell, Chief Executive of the Resolution Foundation, delivered the Annual Lecture as the keynote speaker. He presented on 'Good work across the UK's nations, regions and industries'.

Dónal Nevin Lecture_Good Work - 16 October 2023.pdf

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