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From ‘Plan B’ to ‘Plan V’: what the UK economy needs to reboot and rebalance growth

Van Reenen, John (2011) From ‘Plan B’ to ‘Plan V’: what the UK economy needs to reboot and rebalance growth. British Politics and Policy at LSE (25 Feb 2011) Blog Entry.

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Abstract

With the threat of stagflation and interest rate rises, the current economic climate shows little sign of improvement in the near future. John Van Reenen finds that the government’s severe austerity programme, with its very pessimistic view of future UK growth is risking the recovery through premature scrapping of our economic capital. Policies such as the cap on skilled migrants and the planning decentralisation will reduce the potential for growth, not raise it. Instead, the government should get the conditions right for increasing competition, innovation and education, and focus on matching the UK’s comparative advantage with areas of future growth such as higher education.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2011 the author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Departments > Economics
Collections > British Politics and Policy at LSE
Research centres and groups > Centre for Economic Performance (CEP)
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 04 Mar 2011 15:41
URL: http://eprints.lse.ac.uk/33093/

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