Torsten Bell's slides from Resolution Foundation's event with John McDonnell MP and Stephanie Flanders of Bloomberg.

1. Beating the forecasts: can Britain overcome projections
for weak growth and flat incomes?
John McDonnell MP, ShadowChancellor of the Exchequer
Stephanie Flanders, Head of Bloomberg Economics
Torsten Bell, Director of the Resolution Foundation
February 2018
@resfoundation #livingstandards
Wifi: 2QAG_guest p: W3lc0m3!!
1

2. It’s been a rollercoaster decade for household living standards
2

3. We are emerging from the post-referendum slowdown – but its slow
going
3

4. For the ‘just about managing’ flat or falling incomes are set to last right
through to 2020
4

5. Policy choices not capitalism are driving down low and middle income
families living standards
5

6. The risk is we relive the 1980s, without the yuppies
6

7. Before weak and flat (but very uncertain) growth at the end of the
parliament
7

8. This all has implications for inequality and poverty
8

9. The goal has got to be to beat the forecasts
9

10. Beating the forecasts 1: better tax and benefit policy
10

11. Beating the forecasts 2: Britain gets a pay rise
11

12. The good
12
• The good news: this year is as bad as it gets

13. The good, the bad
13
• The good news: this year is as bad as it gets
• The bad news: living standards are then set to grow very slowly

14. The good, the bad, the really bad
14
• The good news: this year is as bad as it gets
• The bad news: living standards are then set to grow very slowly
• The really bad news: ‘just about managing’ have it even harder

15. The good, the bad, the really bad and the ugly
15
• The good news: this year is as bad as it gets
• The bad news: living standards are then set to grow very slowly
• The really bad news: ‘just about managing’ have it even harder
• The ugly news: income inequality is set to rise

16. The good, the bad, the really bad and the ugly, but some hope
16
• The good news: this year is as bad as it gets
• The bad news: living standards are then set to grow very slowly
• The really bad news: ‘just about managing’ have it even harder
• The ugly news: income inequality is set to rise
• The hope: both policy and economic forecasts can change

17. Beating the forecasts: can Britain overcome projections
for weak growth and flat incomes?
John McDonnell MP, ShadowChancellor of the Exchequer
Stephanie Flanders, Head of Bloomberg Economics
Torsten Bell, Director of the Resolution Foundation
February 2018
@resfoundation #livingstandards
Wifi: 2QAG_guest p: W3lc0m3!!
17