Mismanaged Decline

How did the UK economy transition from being the world’sworkshop to the dependent, service-driven economy of today, facing severenegative shocks and daunting economic challenges?In a reality check that won’t be pleasant reading foranyone hoping for a quick reset, hugely experienced economists Vicky Pryce andAndy Ross track the UK’s decline from the financial crisis to Trump’s tariffs,tackling the issues thrown up by complex topics such as the aftermath of Brexitand Covid, environmental imperatives and deindustrialisation, growth andwelfare, an ageing population, inequality, immigration, falling productivityand a lack of investment.Advocating pragmatic solutions over ideologicalpositions, their insights and recommendations recognise the careful balancingact of longer-term economic prosperity against the inevitable shorter-termrisks – and argue that, above all, politicians must be honest with the public.The book offers a balanced, non-partisan view, backed byeconomic theory and evidence, on what needs to be done.