FOREWORD Growth. In theory, every party wants it. Indeed, with the exception of the Green Party, all the parties insist … Continue reading “The Great Stagnation”

Summary This briefing examines two common explanations for the UK’s poor economic performance over the last fifteen years: austerity and … Continue reading “The Great Stagnation Briefing 7: Austerity and Brexit”

Summary An efficient labour market adjusts quickly and effectively to change in the global and domestic economies, reallocating workers from … Continue reading “The Great Stagnation Briefing 6: The Labour Market”

Summary Over the past quarter-century, as the tax burden has risen, so too has the structure of the tax system … Continue reading “The Great Stagnation Briefing 5: Tax”

Summary Energy is a fundamental input into a modern economy. There are no rich countries which have low levels of … Continue reading “The Great Stagnation Briefing 4: Energy”

Summary Successive governments have acknowledged that a lack of modern infrastructure is a significant impediment to economic growth in Britain. … Continue reading “The Great Stagnation Briefing 3: Infrastructure”

Summary Britain is not much richer today in real per-capita terms than it was in 2007: we have experienced nearly … Continue reading “The Great Stagnation Briefing 2: Buildings: In defence of stupid growth”

Summary The UK is now around 40% poorer per person than the US, having been on course for near economic … Continue reading “Great Stagnation Briefing 1: The Never-Ending Credit Crunch”

“Laws are like sausages. It is better not to see them being made.” – Attributed to Otto von Bismarck SUMMARY … Continue reading “Inside the Sausage Factory”