The UK is doing a shoddy job of keeping up with its peers

The general impression I drew from my holiday in Germany? This is what prosperity looks like — and the UK doesn’t have it. It is perilous to draw conclusions from a brief visit to tourist hotspots. I might have formed a different impression from a wet October in Eisenhüttenstadt. And so I turned to the economic data for a sense of where the UK really stands.

By 2022, US GDP per capita had grown by more than 15 per cent and Denmark’s by 11 per cent. Germany’s had grown 14 per cent and Slovenia was 21 per cent richer than in 2007. Poland had done even better with more than 70 per cent growth. GDP per capita is not a satisfactory measure of human flourishing, but these dry figures reflect something quite real. Krishan Shah and Gregory Thwaites of the Resolution Foundation write that “the US, France and Germany are all around one-sixth more productive than the UK. But these uniform gaps in productivity translate to widely different gaps in median household incomes.”

The free market commentator Sam Bowman argues that the UK needs to recognise who its peers really are: “the UK is now a lot more like Poland than it is like the US in terms of the kinds of growth it needs to do”.

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