Creating fiscal space to write-off household debt will bring macroeconomic renewal and end the era of debt-dependent growth Johnna Montgomerie is Reader in International Political Economy, King’s College London Cross-posted from the SPERI website My […]
Johnna Montgomerie argues that austerity is made through economic narratives about debt. She explains how the story the UK has adopted ends up preventing the necessary structural reforms needed to revitalise the economy. Johnna Montgomerie […]
Breaking free. blocberr / Shutterstock Johnna Montgomerie, King’s College London The UK economy is based on an overlapping set of dependencies on private debt – of financial institutions (as a major profit centre), of households […]
Progressive Economy Forum writes: “Our bold plan is to curate 100 Policies to End Austerity as a starting point for a better future. We will bring together contributions from economists and policy experts that articulate […]
As of July 2017, the Bank of England measured the stock of private debt held by individuals at £1.548 trillion; making household sector indebtedness one of the biggest problems facing the United Kingdom’s economy and […]
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