Britain's Financial Fix: A New Prime Minister, but Same Old Challenges Andy Burnham inherits an economy struggling with stagnant growth, low job opportunities, and pressured public services.
This is not just a matter of cyclical fluctuations or short term crises; Britain's economic stagnation has been a decades long trend.
The post 2007 period saw living standards improve at half the rate of pre recession levels, leaving households thousands of pounds poorer than they could have been otherwise.