That Britain achieved such growth rates only once in a hundred years, in extraordinary circumstances, is telling enough. But furthermore, competitive manufacturing is by nature an area of shrinking headcount, not growing.
John Mills plan is a peculiar mixture of fact, acute observation, misconception and fantasy.
Gerald Holtham argues for a national community fund to help pay for Britain’s prized public services and ease the ‘triple-whammy’ of rising demand, sluggish productivity gains and highly mobile capital that has eroded the social democratic programme.
If the purpose of the Euro is to reduce transaction costs within a common market, this can be maintained while internally devaluing within the nation state. Rather than through crude supply side measures, this can be achieved by the introduction of a National Unit of Account. Here's how.
