
The UK has embraced the big state — but lacks a vision for it
This week the UK Chancellor Rishi Sunak delivered the 2021 Autumn Budget in the House of Commons. The Budget confirms that this government has accepted a permanently larger role for
Josh is Head of Finance and Macroeconomics at UCL’s Institute for Innovation and Public Purpose. His research interests include money and banking, sustainable finance, the economics of land and housing and economic rent.
He is the author of three books, two co-authored: Where Does Money Come From? (2011, New Economics Foundation), the first comprehensive study of the workings of the monetary system in an advanced economy; Rethinking the Economics of Land and Housing (2017, Zed books) which was included in the Financial Times’ best economics books of 2017; and Why Can’t you Afford a Home (2018, Polity) which made the case for excessive mortgage credit being the primary driver of the housing affordability crisis in advanced economies.
Josh was previously Senior Economist at the New Economics Foundation (NEF), one of the UK’s leading progressive think tanks where he worked for 10 years. He holds a PhD in finance from the University of Southampton Business school and been a visiting researcher at the University of Sydney.
This week the UK Chancellor Rishi Sunak delivered the 2021 Autumn Budget in the House of Commons. The Budget confirms that this government has accepted a permanently larger role for
see films clips of authors introducing their chapters in PEF’s book , The Return of the State
see film clips of PEF Council members explaining the purpose of PEF’s new book, The Return of the State
The budget was singularly lacking in ambition when it came to the government’s role in creating a sustainable, inclusive and investment-led recovery.
There was no new green stimulus despite the UK facing a £100bn funding gap to reach its net-zero by 2050 target and despite its hosting of the global COP26 climate change summit this November.
Dag Detter, Stefan Holster and Josh Ryan-Collins In his spending review this week, the Chancellor made clear the scale of the economic crisis facing the UK. Much discussion has followed
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