Tanked

Why the British Economy is Failing and How to Fix It
Cost of living up, wages down and £2.6 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.
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, soaring 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 the low point of a once supercharged economy that, over the past 15 years, has failed to recover from the financial crash of 2008.

Written across ten chapters tackling the most important issues - Brexit, debt, the City, immigration, manufacturing, levelling up and 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.

Part primer, part passionate argument, Tanked is the perfect book for anyone who wants to know their quantitative easing from their bond market - and to understand 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

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