The UK and USA have both seen overall growth in GDP over recent years, as they recover from the financial crash. But this wealth has been unevenly distributed across regions and groups of people, creating a bigger gap between the rich and those who are "just managing", which the campaigns for Brexit and for Donald Trump have both expressly tapped into.
Theresa May has called for the autumn statement to help those people who are 'just about managing'. Maybe the Chancellor could also use autumn statement to drop national GDP as the way of measuring economic success and adopt a more balanced approach. Today Grant Thornton launched a new 'vibrant economy' index' that aims to provide a more rounded way of measuring economic well being. My blog explains further: A new way of measuring economic progress
Downing Street and Treasury officials have spent weeks in tough talks, with the prime minister demanding that her government’s first big economic event next week should have more measures to help working-class voters left behind by globalisation.