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Charles Levy, Andrew Sissons and Charlotte Holloway 29 June 2011
Only the knowledge economy can provide the jobs and balanced growth needed to secure the UK’s future prosperity. 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.
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