Legal & General to launch Rebuilding Britain Index as early findings point to “K-shaped” recovery
New research based on 5,000 UK households will combine 50 measures with survey data to monitor the progress of “levelling up” and “build back better”.
New research based on 5,000 UK households will combine 50 measures with survey data to monitor the progress of “levelling up” and “build back better”. Pandemic effects are widening household and regional disparities in quality of life, heightening the urgency of government initiatives to catalyse investment
- The prospect of a K-shaped COVID recovery, where some bounce back but others don’t, is highlighted with one-in-five (20%) UK adults feeling their quality of life is getting worse while one-in-three (34%) feel that the quality of life in their local area is improving
- Only one-in-five UK adults feel that economic opportunity (21%) and public sector investment (22%) is spread equally across the UK
- The findings reveal wide regional variations in economic opportunities with London powering ahead – North East and North West England are most likely to see falls in people’s quality of living
The findings are taken from the imminent launch of the Legal & General Rebuilding Britain Index - a new index that tracks social and economic progress across the whole of the UK, using a combination of statistical data and community opinion spanning 50 individual measures that cover health & social care, education, housing, jobs & economic prosperity, environment, energy, transport and digital. Legal & General will survey 20,000 people over the course of 2021 to identify whether the UK is building back better and the extent to which this is driving a levelling up across the regions and local areas of the UK.