The UK economy continues to falter in the hands of a Coalition government who look a long way from finding a strategy for growth.
The Labour party has the political momentum. But dealing with the entrenched legacy of 30 years of neoliberalism and changing economic orthodoxy is trickier than many expected. It requires a capacity to make tough choices and a better blend of realism and bold experimentation.
In preparation for a major conference on the economy tomorrow, featuring Labour leader Ed Miliband and shadow shancellor Ed Balls, Policy Network continues its work on political economy with a series of memos on growth strategies and the political dilemmas they present.
Memo to the Chancellor Richard Lambert
Britain's economic outlook continues to deteriorate. There is an urgent need for the Chancellor to come up with a bold and credible plan to point the economy towards a better place.
Things could and should be better Jonathan Portes
The UK economy has many underlying strengths and things could and should be better. If only policymakers would act.
Labour needs a new ‘golden rule’ Dan Corry & Peter Kenway
While nobody should doubt the seriousness of the public sector deficit and the need to reduce it, it cannot and must not be treated in isolation.
Labour policies for the jobless generation Paolo Reboani
Demographic changes and globalisation are destroying the old welfare state. Lowering unemployment is essential to maintain a cohesive society and avoid growing inequalities.