Cost of living up, wages down and £2.7 trillion worth of debt: Britain's economy is tanking. But how did we get here? And how can we fix things? A smart, accessible guide from an expert economic journalist.
Hardcover
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Summary
Cost of living up, wages down and £2.7 trillion worth of debt: Britain's economy is tanking. But how did we get here? And how can we fix things? A smart, accessible guide from an expert economic journalist.
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A rare book on economics that is actually written in English. Trenchant, clear and comes complete with solutions. Essential reading for the coming election. -- Simon Jenkins
A lively review of Britain's economic history since the Global Financial Crisis. It is a sad story, but Wallace finds some room for hope amidst the gloom. -- Howard DaviesCrisp, comprehensive and forensic,?Tanked?casts an unflinching eye across the British economic horizon. The sooner we pay attention, the better' -- Tom Clark, editor of Broke: Fixing Britain's Poverty Crisis and Contributing Editor, Prospect In the autumn of 2022, Liz Truss took Britain on a journey into economic la-la land and comprehensively tanked the economy. The result? Mortgage and rents misery was piled on top of surging inflation, public debt at an eye-watering 2.7 trillion and falling living standards. As economic journalist Paul Wallace argues in this incisive, expert and accessible book, this was the low point of a once supercharged economy stuck in first gear since the financial crash of 2008. Written over ten chapters tackling the most important issues (Brexit, debt, the City, immigration, manufacturing, levelling up, public services), Wallace asks in clear, jargon-free prose what the problems are, and what we can do to solve them. He offers a ten-point plan to get our economy back on track, building on its most resilient aspects. It is vital reading for an incoming chancellor who wants a blueprint for recovery. Part-primer, part passionate argument, Tanked is the perfect book to understand how Britain has devalued itself - and how to restore its economic fortunes.Critic Reviews
Paul Wallace has written an exceptionally clear-eyed account of the malaise that afflicts the UK economy. He explains how the usual culprits-excesses in the City, stark regional inequality, false promises on Brexit-have dovetailed with deeper structural neglect to leave the British economy operating at a fraction of its potential. There is a way out-but it will require politicians to put aside short-term expedients and invest in the country's future. This is a must-read analysis Alex Dean, Managing Editor, Prospect
Wallace's plea is for what could be called common sense through stability: ending the churn of ever-changing ministers and half-baked policies, and bringing in some longer-term strategy. Let us hope -- Bill Emmott Financial Times
A rare book on economics that is actually written in English. Trenchant, clear and comes complete with solutions. Essential reading Simon Jenkins
Crisp, comprehensive and forensic, Tanked casts an unflinching eye across the British economic horizon. The sooner we pay attention, the better Tom Clark, editor of Broke: Fixing Britain's Poverty Crisis
Paul Wallace has written a really useful primer on why the UK economy is in the state it is in and an admirably clear prospectus for reform Ben Chu, former Economics Editor, BBC Newsnight
A lively review of Britain's economic history since the Global Financial Crisis. It is a sad story, but Wallace finds some room for hope amidst the gloom Howard Davies
A rare book on economics that is actually written in English. Trenchant, clear and comes complete with solutions. Essential reading. Simon Jenkins
A lively review of Britain's economic history since the Global Financial Crisis. It is a sad story, but Wallace finds some room for hope amidst the gloom. Howard Davies
Crisp, comprehensive and forensic, Tanked casts an unflinching eye across the British economic horizon. The sooner we pay attention, the better Tom Clark, editor of Broke: Fixing Britain's Poverty Crisis and Contributing Editor, Prospect
About the Author
Paul Wallace is an economic and financial journalist. Previously, he has been Britain economics editor and European economics editor at The Economist, and before that economics editor at the Independent. He has also been a columnist for Reuters. He is the author, most recently, of The Euro Experiment, published by Cambridge University Press in 2015 and before that wrote Agequake: Riding the Demographic Rollercoaster Shaking Business, Finance and our World and co-authored The Square Mile, based on a television series about the City of London he produced for ITV. He has been a council member of the Royal Economic Society and a visiting fellow at the National Institute of Economic and Social Research. He has degrees from Cambridge University (MA) and the London School of Economics (MPhil).
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