Fabian Society

Our economy is in a serious condition. We are in the second recession since 2008. Output remains well below levels experienced before the financial crisis. Living standards continue to fall. Spending by households has yet to recover and remains depressed. Indeed, we seem to be in a long-run depression, with low or no growth. The…

In this Fabian Ideas pamphlet, Stephen Beer argues that Labour’s economic credibility gap is wide but it can be closed. The party entered the 2010 General Election campaign unable to explain its approach to the economy. It lost credibility on fiscal policy with financial markets and it lost credibility with the electorate because it did not…