Mismanaged Decline
Vicky Pryce
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From the publisher
How did the UK transition
from being the world's workshop to having the dependent, service-driven economy
of today, prone to severe negative shocks and daunting economic challenges?
In an urgent reality check
that will embarrass politicians from all parties, hugely experienced economists
Vicky Pryce and Andy Ross track the forces that have shaped the UK economy
since the Industrial Revolution. Drawing on extensive front-line policy experience,
they tackle complex issues such as the reaction to globalisation and the legacy
of deindustrialisation; the responses to Brexit, Covid and the war in Ukraine;
the impacts of climate change, inequality and immigration; and whether the lack
of investment and low growth of recent years were, in fact, inevitable.
Rather than placating
populist sentiments with false promises, politicians must now be honest with
the public about the difficult road ahead. After all, there will be no sudden
economic reset. Advocating pragmatic solutions over political dogma, Mismanaged
Decline proves that good economics heeds no ideology.
At a time of rising
geopolitical uncertainty, this balanced, non-partisan account offers a
blueprint for a stronger, fairer and more resilient economy.