Craig Berry assesses UK economic policy in the wake of the financialcrisis through the lens of the austerity agenda, focusing on monetary policy,economic rebalancing, industrial and regional policy, the labour market,welfare reform and budgetary management. He argues that austerity is gearedtowards a resurrection of financialisation and the UK’s pre-crisis economic model,through the transformation of individual behaviour and demonisation of thestate. Cutting public spending and debt in the short term is, at most, asecondary concern for the UK policy elite. However, the underlying purpose ofausterity is frequently misunderstood due to its conflation with a narrowdeficit reduction agenda, not least by its Keynesian critics. Berry alsodemonstrates how austerity has effectively dismantled the prospect of acentre-left alternative to neoliberalism.

Does the UK still have an industrial strategy? How should we understand the renewed interest within government in industrial policy – and now its apparent reversal – in recent years? This collection of essay by leading academics and practitioners including Victoria Chick, Kate Bell, Simon Lee, Karel Williams, Susan Himmelweit, Laurie Macfarlane and Ron Martin – among many others– considers the effectiveness of recent industrial policies in addressing the UK’s economic malaise. In offering a broad political economy perspective on economic statecraft and development in the UK, the book focuses on the political and institutional foundations of industrial policy, the value of "foundational" economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radicalize industrial strategy.

Does the UK still have an industrial strategy? How should we understand the renewed interest within government in industrial policy – and now its apparent reversal – in recent years? This collection of essay by leading academics and practitioners including Victoria Chick, Kate Bell, Simon Lee, Karel Williams, Susan Himmelweit, Laurie Macfarlane and Ron Martin – among many others– considers the effectiveness of recent industrial policies in addressing the UK’s economic malaise. In offering a broad political economy perspective on economic statecraft and development in the UK, the book focuses on the political and institutional foundations of industrial policy, the value of "foundational" economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radicalize industrial strategy.

This book explores the politics of local economic development in Northern England. Socio-economic conditions in the North – and its future prospects – have become central to national debates in the UK. The status of Northern regions and their local economies is intimately associated with efforts to ‘rebalance’ the economy away from the South East, London and the finance sector in the wake of the 2008 financial crisis. The contributors to this volume focus in particular on the coalition and Conservative governments’ ‘Northern Powerhouse’ agenda. They also analyse associated efforts to devolve power to local authorities across England, which promise to bring both greater prosperity and autonomy to the deindustrialized North. Several chapters critically interrogate these initiatives, and their ambitions, by placing them within their wider historical, geographical, institutional and ideological contexts. As such, Berry and Giovannini seek to locate Northern England within a broaderunderstanding of the political dimension of economic development, and outline a series of ideas for enhancing the North’s prospects.

Craig Berry assesses UK economic policy in the wake of the financialcrisis through the lens of the austerity agenda, focusing on monetary policy,economic rebalancing, industrial and regional policy, the labour market,welfare reform and budgetary management. He argues that austerity is gearedtowards a resurrection of financialisation and the UK’s pre-crisis economic model,through the transformation of individual behaviour and demonisation of thestate. Cutting public spending and debt in the short term is, at most, asecondary concern for the UK policy elite. However, the underlying purpose ofausterity is frequently misunderstood due to its conflation with a narrowdeficit reduction agenda, not least by its Keynesian critics. Berry alsodemonstrates how austerity has effectively dismantled the prospect of acentre-left alternative to neoliberalism.

Does the UK still have an industrial strategy? How should we understand the renewed interest within government in industrial policy – and now its apparent reversal – in recent years? This collection of essay by leading academics and practitioners including Victoria Chick, Kate Bell, Simon Lee, Karel Williams, Susan Himmelweit, Laurie Macfarlane and Ron Martin – among many others– considers the effectiveness of recent industrial policies in addressing the UK’s economic malaise. In offering a broad political economy perspective on economic statecraft and development in the UK, the book focuses on the political and institutional foundations of industrial policy, the value of "foundational" economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radicalize industrial strategy.

Does the UK still have an industrial strategy? How should we understand the renewed interest within government in industrial policy – and now its apparent reversal – in recent years? This collection of essay by leading academics and practitioners including Victoria Chick, Kate Bell, Simon Lee, Karel Williams, Susan Himmelweit, Laurie Macfarlane and Ron Martin – among many others– considers the effectiveness of recent industrial policies in addressing the UK’s economic malaise. In offering a broad political economy perspective on economic statecraft and development in the UK, the book focuses on the political and institutional foundations of industrial policy, the value of "foundational" economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radicalize industrial strategy.

This book explores the politics of local economic development in Northern England. Socio-economic conditions in the North – and its future prospects – have become central to national debates in the UK. The status of Northern regions and their local economies is intimately associated with efforts to ‘rebalance’ the economy away from the South East, London and the finance sector in the wake of the 2008 financial crisis. The contributors to this volume focus in particular on the coalition and Conservative governments’ ‘Northern Powerhouse’ agenda. They also analyse associated efforts to devolve power to local authorities across England, which promise to bring both greater prosperity and autonomy to the deindustrialized North. Several chapters critically interrogate these initiatives, and their ambitions, by placing them within their wider historical, geographical, institutional and ideological contexts. As such, Berry and Giovannini seek to locate Northern England within a broaderunderstanding of the political dimension of economic development, and outline a series of ideas for enhancing the North’s prospects.