The Great Stagnation

Britain has a growth problem. From the 1950s to the early 2000s, the UK experienced levels of economic growth which allowed it to double in prosperity every 30 years. However, in the last 20 years, the motor of British growth has dramatically slowed. As a result, 18-year-olds today find themselves in a country that is barely any better off than when they were born. In this volume, experts from the UK and around the world outline why the British economy has spent the last two decades in a state of stagnation, and what can be done to prevent us slipping into a third. Touching on areas ranging from banks to Brexit, from energy to infrastructure, and from housing to tax, each author presents unique and compelling analysis of what can and can’t be blamed for Britain’s relative economic decline. In the process, they take the reader through years of policy failure and missed opportunities from politicians on the left, right and centre. This is a depressing but essential read for anyone who hopes to understand Britain’s economy and how it was broken.