Fabian Society

What went wrong with the UK economy started going wrong several years before the financial crash of 2008. During the crash it got very much worse. It is still seriously wrong even now. Just as it dragged Labour down, so it will drag down the coalition. As a result, the government that follows the coalition…

While many of the immediate – and deeper – causes of the financial crash of 2008 rested elsewhere, in the years leading up to it the UK’s economy was becoming unbalanced. The public sector deficit is one aspect of this imbalance. But it is not the only one. Much less discussed is another side of…