The New Economics Foundation has a new version of its publication ‘Why we need a new macroeconomic strategy‘ out.
As they say:
Four years on from the financial crisis, the UK economy is still a mess.
The government’s economic strategy is not only failing on its own terms, it is damaging our fundamentally weak economy.
The roots of our current problems lie beyond the credit crunch in the UK’s dangerous dependence on a large financial sector, poor current account, low productivity and uneven regional development. It is time for a new macroeconomic strategy – one that is more equal, provides employment for those who want it, minimises our impact on the planet, and maximises our well-being.
They’re right. Read it here.