UK's Economic Stagnation Sets Households Back by $10,500 Compared to France and Germany

Resolution Foundation's report suggests higher public investment and tax reforms, but is criticized for overlooking energy costs and the impact of Britain's shift from being a net oil and gas exporter to a net importer.

UK's economic stagnation has set households back by £8,300 ($10,519) compared to France and Germany, according to a report by the Resolution Foundation and the Centre for Economic Performance at the London School of Economics.
The report suggests that the UK's economic decline is due to factors such as low earnings growth, weak productivity, high inequality, and high energy costs.
Both the Labour and Conservative parties are looking to use the report's suggestions to construct their policy manifestos for the upcoming general election.
The report suggests that the government should invest more in infrastructure and reduce allowances that allow people to avoid taxes.
The Resolution Foundation's report has been criticized for not addressing the impact of Britain's shift from being a net oil and gas exporter to a net importer on the country's economic stagnation.