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Page last updated at 06:34 GMT, Thursday, 31 May 2012 07:34 UK

Does the UK need an economic Plan C?


The Royal Society of the Arts has asked a number of experts to look at how the UK might cope with long term very slow growth.

Economist Vicky Pryce says the aim is to get the population to agree that growth is a "good thing".

Low growth could be good for "uniting opinion", she told the Today programme. "There's nothing like a period of slow growth to concentrate the minds".

Nick Seddon, the deputy director of the think tank Reform, believes that if growth slows then reform of public services has to "speed up".

"We need a complete strategic rethink of the way our public services are run," he told Sarah Montague.

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