Austerity Politics and UK Economic Policy

Craig Berry is Deputy Director of the Sheffield Political Economy Research Institute at the University of Sheffield. He has worked previously at the Trades Union Congress, International Longevity Centre, HM Treasury and the University of Warwick. His research focuses on UK economic statecraft, with an emerging focus on Northern England in a European and global context.

Acknowledgements List of Abbreviations 1 Introduction: Austerity and Growth Growth and growth models The rediscovery of austerity Chapter outline and main arguments 2 Financialisation and the Property-Owning Democracy Austerity and the housing market The meaning of monetary activism Financialisation and everyday discipline Conclusion 3 Industrial Decline and the Myth of Rebalancing Rebalancing and austerity Industrial policy and manufacturing since the crisis Powerhouse politics Conclusion 4 Welfare Retrenchment and the Perversion of Full Employment Employment growth and economic recovery The impotence of active labour market policy Austerity and welfare Conclusion 5 Deficit Reduction and Budget Irresponsibility Austerity and economics Institutionalising austerity Conclusion 6 What's Left? Labour's disorientation Corbynomics and the new old politics Whither social democracy? Conclusion 7 Conclusion Notes References Index