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.
The growth rates in question have indeed been achieved in the UK before - in the '30s, following a devauation. It is disappointing that Gerry has not engaged with the proposals more fully, nor put forward some of his own in response.
John Mills plan is a peculiar mixture of fact, acute observation, misconception and fantasy.
Plaid Cymru's economic adviser replies to John Mills' proposals on how to re-industrialise the British economy.
Last week, the New Economics Foundation (nef) launched a report on how to reduce inequality in Britain. Here, they outline their key proposals.
Delve into the data and you soon find that the British economy is not in a healthy state at all...
Assess the assets and liabilities in Britain's economy, and you find a country deeply exposed to systemic risk.
Britain, almost uniquely, does not invest in itself.
The recession may be over, but the headline figures mask deep problems. Quantitative Easing has enriched the wealthy while wages have fallen for the rest, leading to an unequal and unstable economy.
In response to John Mills, the New Economics Foundation's head of social policy argues that it's vital that economists like John Mills don't ignore that the economy is woven into society and dependent upon the planet.
As things stand, the British economy faces a future of decline. But it doesn't have to be this way - there is an alternative. Here, we publish a full pamphlet from John Mills outlining his plan for the British economy after 2015. For a summary, see here.
Today we launch a new series on ideas for reshaping the UK's dysfunctional economy, centering on the new Civitas pamphlet from economist and businessman John Mills.
