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Rebalancing the British Economy

Britain's economy has deep, structural problems. How can we solve them? openDemocracyUK asked a group of leading economists to respond to a provocation from John Mills looking at the significant imbalances plaguing the UK’s spluttering economy, and what should be done about them. This series is funded by the Politics and Economics Research Trust and John Mills.

 

Inequality: how we got here, and what should be done

A great deal has been written in recent years on the topic of inequality. The books of Thomas Piketty and the late Tony Atkinson are just two recent examples. It is hard to believe that anyone can be ...

China is great again, but how is Britain dealing with globalisation’s new champion in the age of Brexit?

Politics is always entwined with economics and often produce strange and unforeseen results. With the UK withdrawal of membership from the European Union and Donald Trump’s isolationist US policies,...

Six policies to transform Britain's broken economy

The UK has a grossly financialised economy, heavily overbalanced towards the South East. Our industrial sector is uncompetitive, we have uncomfortable and dangerous levels of inequality, and whole sec...

Podcast: Steve Keen's manifesto

https://soundcloud.com/user-386170121/steve-keens-manifesto The economist Steve Keen was one of the few to predict the 2007/8 collapse. We interviewed him about how to avoid the next one....

The five things the next government must do to rebalance our economy

The outcome of the coming election will be determined by the electorate’s view of which party will best negotiate the optimal Brexit deal. The danger is that with so much attention being paid to Bre...

Trump, Trade & War: the urgent need for a progressive trade policy

Donald Trump’s latest Executive Order, issued last week, could foreshadow a dangerous trade war with China and the European Union. It suggests that the nationalists in his administration have got th...

Ten years since the first bank collapsed, dodgy debt still threatens another crash

Ten years ago, on 2 April 2007, the US subprime mortgage lender New Century filed for bankruptcy in a Delaware court. It was an obscure first domino to fall. But one and a half years later, Lehman Bro...

Podcast: to rebalance Britain's economy, we must rethink land and housing economics

Housing sucks up more of our income and more of our savings than anything else. It represents around 60% of Britain's assets. From soaring homelessness to widening wealth inequality, the relationship ...

Rebalance the economy away from London

London’s Garden Bridge will cost £60m of public money, and may even require a public bailout upon completion. Meanwhile, museums in Derby, Lancashire, Jarrow and Durham face closure. The cost of ke...

From Concorde to Hinkley: The EU and Britain's trade and investment policy

It’s déjà vu all over again. This malapropism is usually attributed to Yogi Berra, a famous baseball player in the early 1960s. It also seems to be appropriate now when thinking about internati...

Make finance the servant, not the master

This piece is a response to John Mills' challenge, 'We need to rebalance the British Economy'. In her first big party conference speech, Britain’s new prime minister rode the wave of populist rev...

We need to rebalance the British economy

Britain's economy has deep, structural problems. Investment The proportion of GDP invested by the UK is lower than almost anywhere else in the world. Excluding intellectual property, the ratio ...
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