John Mills is a businessman and economist. He is chairman of direct to consumer retailer, JML, and has published widely as an economist. He sits on the openDemocracy board and is a donor to oD. His most recent book is Exchange Rate Allignments.
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Published in: openDemocracyUKWhy the UK’s housing market is in such disarrayThe dramatic drop in private and public house building in the UK rests on a significant imbalance between supply and demand.
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Published in: openDemocracyUKNeither Corbyn or the others will end austerity in Britain unless they unleash the growth of manufacturingNone of the Labour candidates has an economic approach that will prove viable but it is essential to oppose austerity, what is the solution?
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Published in: openDemocracyUKWhy the UK’s economy is still grossly out of balanceInvestment is low, the trade deficit is growing, and what growth we have is largely driven by ultra-cheap money and asset inflation. This is unbalanced and unsustainable.
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Published in: openDemocracyUKHigh-tech isn't enough: Britain needs to stop pricing its low-tech goods out of the worldThe new book Progressive Capitalism in Britain encourages a narrow focus on high-tech exports. Instead, Britain must allow its medium and low tech exports flourish too.
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Published in: openDemocracyUKBritain's dysfunctional economy cannot last - but we can fix it
Because sterling is much too strong, manufacturing as a percentage of GDP in the UK has shrunk from 32% as late as 1970 to the unviable level of barely 10% now.
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Published in: openDemocracyUKWhy it is much easier than most people think to fix the UK economy
We need to move investment to those areas with the highest returns for society as a whole. The best way to do that is to fix our over-valued currency.