At the start of 2021 we announced our Rebuilding Britain Index (RBI), a quarterly, community-led index, in partnership with Cicero, that tracks social and economic progress across the UK. The first RBI report has now been published, and it couldn’t come at a more interesting time. The UK economy shrank by 20 per cent in 2020 as a result of the COVID-19 pandemic – the biggest annual fall in over 300 years1 – which means, to avoid a K-shaped recovery (where different regions recover at different rates), investment needs to be carefully thought out and delivered.
One of the key findings of the report is that jobs and homes are the things that are most likely to boost people’s quality of life, yet investments in these areas have fallen significantly in recent years. Another finding is that, confirming our fears, the UK is falling into a K-shaped recovery.