The U.K is not doing anything innovative that creates jobs and wealth. Instead the U.K. focuses mostly on housing wealth and building a property empire. This is evident with a govt that’s hell bent on stoking demand…after so many years they’ve only just stopped “right to buy”!!
If we want higher salaries then the uk needs to start creating meaningful and impactful products that other countries want…
Back when he was still considered quotable, Dominic Cummings often mused about the UK's future post-Brexit. I seem to remember his blog mentioning data science and drug research as possible areas where UK could build a global advantage.
I can't be bothered to wade through it all but if you're interested his (old) stuff is here: https://dominiccummings.com
And these products need to be globally unique. You can not compete with a product that China can make far cheaper.
The US has achieved this numerous times through start-ups.