The_Guardian_-_2016-12-29

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It says the rest of the world also faces a slowdown in economic growth, partly as population growth slows and partly because of climate change. Energy mix graphic It also forecasts crises for China. By 2030 the country will have 17 of the top 50 cities in the world ranked by GDP, but its rapidly ageing population, credit bubbles and political uncertainty will undermine its rise and ensure the US remains the dominant global power. Keir Starmer MP, the shadow Brexit secretary, said: “This report shows once again the clear dangers of a hard Brexit and the importance of ensuring we get the best possible Brexit deal that protects jobs, the economy and living standards. “It also reminds us that there are wider and profound challenges facing the Britain in the years and decades to come - both to our economy, society and our place in the world. Labour has an obligation to future generations to find progressive and effective responses, and to help bring Britain back together after a deeply divisive referendum.” Gerard Lyons, a leading pro-Brexit economist and former adviser to Boris Johnson, dismissed much of the IPPR’s findings as “second-hand questionable figures” and “meaningless jargon”. He said: “Far from being a constraint, Brexit provides the UK with a great opportunity to adopt both a domestic and a global policy agenda to address many of the challenges highlighted by the IPPR in this report.” David Campbell Bannerman, a Tory MEP and member of the Leave Means Leave group which this week asked business groups across Europe to put pressure on their governments to negotiate a free trade agreement with Britain, also criticised the report. “No surprises here from such a favourite Blairite thinktank which receives EU funding. This is misery wrapped in humbug,” he said. “It takes no account of the benefit of UK negotiating free trade deals around the world, of billions saved in deregulation of EU over-regulation, nor of more jobs, better treatment and greater training of the UK workforce once immigration is controlled and the £12bn net savings from EU contributions reinvested.” Looking ahead: what the IPPR foresees 2% – forecast total income growth for poor households between now and 2030. £9.5m – predicted pay of FTSE 100 CEOs by 2030. £341bn – difference between taxes raised and expected spending by 2050. 76 million – population of the UK when it overtakes Germany and becomes Europe’s biggest country in the late 2040s.
21% – non-white proportion of the population by 2030. 15.4 million – number of over-65s in 2030, compared with 11.6 million today. 80% – increase in the number of adults over 65 with dementia by 2030. 10% – decline in China’s working population by 2030, by which time Africa will have more working-age people than China. 1tn – number of sensors connected to the internet by 2025. 2m – number of jobs lost in retail by 2030. 600,000 – number of jobs lost in manufacturing by 2030. 15m – number of current jobs that will be automated in the coming decades. 3m – number of new jobs that will be created by 2030, largely in healthcare and business services. This article was downloaded by calibre from https://www.theguardian.com/business/2016/dec/29/uk-in-2030-oldermore-unequal-and-blighted-by-brexit-report-predicts | Section Menu | Main Menu |
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