Return to growth - Jon Moynihan

In Return to Growth, Jon Moynihan analyses the UK's decades-long stagnant economy and looks at what can be done to resuscitate it. Combining rigorous research with unparalleled business experience, the author explores the key dynamics affecting economic growth, ranging from government borrowing and expenditure, tax and regulation to the way national resources are deployed on non-productive and futile growth-stifling endeavours. What he reveals is nothing short of a crisis in economic growth. Growth has now completely stalled in those western democracies, the UK included, where high government spending and high taxes have steadily burgeoned, decade after decade. Free market economies now threaten to leave us behind in terms of wealth, opportunity and standards of living. Moynihan shows that unless we act now to arrest the decline, by radically restructuring our economy so as to stimulate economic growth, then the UK, along with other social democratic economies, risks first stagnation, second developing financial collapse, and finally, a long-term disintegration in our standard of living.