The UK economy has long underperformed its major competitors, suffering from lower investment, productivity, and a worse trade balance. Deep-rooted regional inequality remains unaddressed.
Despite short-term economic concerns, Labour is attempting to confront Britain's longstanding economic issues, recognizing that immediate crises have overshadowed necessary long-term policies.
Since the financial crash in 2008, the UK's productivity has barely risen and austerity has kept both public sector and business investment low, impacting household incomes.
While UK employment rates remain comparatively high, they have increasingly come at the cost of job security, with many workers facing zero-hours contracts and self-employment.
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