Ten Things You Need to Know Today: 5 December 2022

The Week’s daily digest of the news agenda, published at 8am

1. UK faces ‘lost growth decade’

The UK faces a decade of lost growth unless drastic action is taken, warned the Confederation of British Industry (CBI) boss, Tony Danker. “We don’t have people we need, nor the productivity,” said Danker. Predicting that the economy will contract by 0.4% next year, he said Britain is in stagflation - with “rocketing inflation, negative growth, falling productivity and business investment”. Although firms see potential growth opportunities, “headwinds are causing them to pause investing in 2023,” he added.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More