The debate surrounding economic policy in the UK has recently been heavily focussed on determining the appropriate response to the financial crisis and recession. There has been less discussion about the nature of the UK s political economy. Leaving the UK s model of political economy unchanged is, however, not an option in the modern global economy. The existing model has resulted in an unbalanced economy with relatively low productivity and a structural balance of payments deficit. Without reform, these problems will not go away and could worsen. A debate about what Britain s new economic...