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The Final Report of the IPPR Commission on Economic Justice
The UK economy is broken. It no longer provides rising living standards for the majority. Young people face an increasingly insecure future. The gap between rich and poor areas is widening. Meanwhile the rise of giant digital companies, the advance of automation, and catastrophic environmental degradation challenge the very foundations of our economic model.
This important book analyses these profound challenges and sets out a bold vision for change. The report of a group of leading figures from across British society, it explains how the deep weaknesses of the UK economy reflect profound imbalances of economic power. Its radical policy agenda for the 2020s includes new missions to drive productivity and innovation, an overhaul of our financial system, and reforms to improve wages, job quality and the redistribution of wealth.
Ten years after the financial crisis, as the UK confronts the challenge of Brexit, this is an urgent and compelling account of the reforms needed to build a new economy of prosperity, justice and environmental sustainability. It will set the terms of political and economic debate for years to come.
List of contents
Preface
The IPPR Commission on Economic Justice
Note and Acknowledgements
Introduction and overview
Part I: Building the new economy
Chapter 1: The economy today
Chapter 2: Prosperity and justice: a new vision for the economy
Chapter 3: Reshaping the economy
Chapter 4: Partnership and power
Chapter 5: Time for change
Part II: Our 10-part plan
Chapter 6: Reshaping the economy through industrial strategy
Chapter 7: Securing good pay, good jobs and good lives
Chapter 8: Turning business towards long-term success
Chapter 9: Promoting open markets in the new economy
Chapter 10: Raising public investment in a reformed macroeconomic framework
Chapter 11: Strengthening the financial system
Chapter 12: Spreading wealth and ownership across the economy
Chapter 13: Designing simpler and fairer taxes
Chapter 14: Ensuring environmental sustainability
Chapter 15: Creating a new economic constitution
Endnotes
About the author
The Institute for Public Policy Research's Commission on Economic Justice is a group of prominent experts from across British society set up to rethink economic policy for post-Brexit Britain. It includes Justin Welby, the Archbishop of Canterbury, Frances O'Grady, the General Secretary of the TUC, and Mariana Mazzucato, Professor of Economics at University College London.
Report
"The Commission makes an irrefutable case that British economic performance must improve, and then suggests a suite of original initiatives aimed at doing just that - Overall this is the most impressive, authoritative and compelling economic analysis and accompanying prescriptions in recent times."
Will Hutton, Principal of Hertford College Oxford and Observer columnist
"An inspiration for all those in the UK and elsewhere who are trying to chart a new course for inclusive prosperity."
Dani Rodrik, Ford Foundation Professor of International Political Economy, Harvard University
