Ippr Prize: Policy Solutions and Budget Show

ippr prize: It comes after growth figures revealed at the budget show economic growth in Britain has dropped to among the lowest levels in the G7, while inequality has risen and there are growing pressures on the environment, according to The Guardian. Believed to be the third-biggest prize in international economics, the new IPPR prize will reward policy solutions to tackle these problems, while forcing a step change in the quality and quantity of the UK's economic growth. Launched against a backdrop of deep public distrust in politicians to revitalise the UK economy, the Institute for Public Policy Research IPPR thinktank has lined up an 150,000 prize fund to uncover fresh ideas. It will include a single main prize of 100,000, placing it among the most lucrative prizes in the economics profession after the 9m Swedish krona 760,455 Nobel award from the Swedish central bank and the 250,000 Wolfson prize, which was launched in 2011 by the Tory peer and Next chief executive Simon Wolfson. Mills, who is the founder of the JML consumer products company, said that Britain faced a toxic cocktail of issues that need fresh solutions, adding that growth has recently been 60% lower than the G20 average. The IPPR economics prize supported by the prominent Labour donor and Brexit campaigner John Mills will also have a dedicated under-25s prize worth 25,000, and a runners-up prize pot of 25,000. (news.financializer.com). As reported in the news.