Only the knowledge economy can provide the jobs and balanced growth needed to secure the UK’s future prosperity, according to a plan for growth published today by The Work Foundation. The report sets out a vision of what a balanced and sustainable economy could look like in 2020 and provides a detailed picture of the measures needed to secure this future.
The report argues that while the government has taken some positive steps – such as creating Technology and Innovation Centres – it has yet to establish a coherent approach to the knowledge economy. Some of its most expensive policies, for example enterprise zones and the corporation tax cut, are based on a backwards looking view of the economy and will do relatively little to drive lasting growth. Rest