Budget Deficit: Trade Deficit and Population Ages

budget deficit: Launching its commission on Thursday, the IPPR said the apparent success of the economy masked fundamental problems weak investment compared with rival countries; a huge trade deficit; a budget deficit that would get bigger as the population ages; the capture of the fruits of growth by a small minority; the gap between the south-east and the rest of the country; and poor progress in meeting the UK climate change ambitions, according to The Guardian. The IPPR said none of the six problems identified were a recent phenomenon, with each getting worse for at least a quarter of a century. Justin Welby will join other leading figures including the general secretary of the TUC, Frances O Grady, and the chairman of the John Lewis Partnership, Sir Charlie Mayfield, on the Institute for Public Policy Research IPPR programme that will seek remedies for six key UK weaknesses. Tom Kibasi, the IPPR director, said The economy belongs to us all but it isn t working for everyone. The Brexit vote and the election of Donald Trump shows we must build an economy with economic justice at its heart. We need a new national economic vision and policy that the whole country can get behind. (news.financializer.com). As reported in the news.