Video transcript: Good Growth - Devolved and Local Government

Transcript

Katie Johnston:
How can we ensure economic growth reaches every place in the UK when each postcode has a different starting point?

Simon Oates:
Our latest Good Growth Barometer reveals how prosperity has experienced very differently across the UK, and why local places need local solutions.

Katie:
As greater devolution gives places more responsibility for shaping their own economic futures. Local leaders and businesses need local insight, not national averages, to enable more effective decision making.

Simon:
Good growth is broader than household income. Access to suitable housing, transport connections and good health are also fundamental to people's ability to participate in and benefit from economic opportunity. Underpinning our Good Growth Barometer report is our new place based intelligence model.

Katie:
It's a practical tool aligned to Treasury Green Book guidance, which you would expect from PwC.

Simon:
It takes traditional economic output as its starting point, calculates households disposable spending power, and combines this with over 50 social and environmental indicators that shape daily life. We've designed it to help local leaders and business decision makers identify the factors most closely associated with stronger or weaker outcomes in their specific place.

Katie:
So they can target action and investment where it will make the biggest difference to communities. Because economic growth should be felt in people's lives, not just national figures.

Simon:
That means no one gets left behind because of their postcode.

Katie:
And ultimately, more communities can share in the benefits of growth.