The Bigger Picture: UK Social Mobility - A Tough Climb
The UK performs poorly on international comparisons for both social mobility and inequality. According to surveys, covid is increasing inequality further, and recent rises in inflation, especially energy costs, are intensifying the problem. But, corporate managements are starting to focus on social issues (encouraged by the flows into ESG funds). Goldman Sachs Research has started to see investment intentions pick up in survey data and the potential to bring back supply locally or make supply chains more resilient may also increase employment opportunities in the UK.