The UK is a wealthy nation, but that wealth is very unevenly distributed. This has negative implications for both economic prosperity and justice. These issues are set to become more important as technological change, stagnating wages and rising house prices increase the income and gains that can be made from wealth.

Digital technology could deliver enormous socio-economic benefits across Britain. At the moment, the development and adoption of these and future technologies have been almost entirely market-led, with little to no strategic policy response from governments around the world.

This final report from the IPPR Commission on Economic Justice argues that the economy is not working for millions of people and needs fundamental reform. Average earnings have stagnated for more than a decade; young people are set to be poorer than their parents and the nations and regions of the UK are diverging further.

The reform of the dysfunctional land market is essential if the UK is to be a more equal, more productive and stable economy. It is also vital to creating a better-functioning housing market that delivers the affordable and quality homes the country needs.

The UK’s longstanding current account deficit indicates that the UK economy has a fundamental problem of international competitiveness.