In the autumn of 2022, Liz Truss took Britain on a journey into economic la-la land and comprehensively tanked the economy. The result? Higher mortgages and rents, high inflation, debt at an eye-watering £2.7 trillion and a sluggish economy rapidly falling behind our (ex-)European partners. As economic journalist Paul Wallace argues in this incisive, expert and accessible book, this was low point of a once supercharged economy that has over the last 15 years not recovered from 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 and track, building on its most resilient aspects.
Part-primer, part passionate argument, Tanked is the perfect book for anyone who wants to know their quantitive easing from their bond market, and to understand the how Britain devalued itself.
''Trenchant, clear and comes complete with solutions. Essential reading'' SIMON JENKINS
''An exceptionally clear-eyed account of the malaise that afflicts the UK economy... this is a must-read analysis'' ALEX DEAN, MANAGING EDITOR, PROSPECT
''Crisp, comprehensive and forensic, Tanked casts an unflinching eye across the British economic horizon'' TOM CLARK, EDITOR OF BROKE: FIXING BRITAIN''S POVERTY CRISIS
