â¹95 lakh prize offered for 'radical ideas' to solve weak UK growth
London-based Institute for Public Policy Research (IPPR) has announced a Â£100,000 (â¹95 lakh) cash prize for "radical ideas" to boost UK's economic growth. The think tank said the prize is believed to be the third-biggest in international economics. The announcement comes a week after official forecasters predicted that the UK won't grow faster than 1.6% over the next five years.