The Great Rebalancing: How to Fix the broken economy?

Across Europe, the left is attempting to reformulate its approach to the economy following the […]

Book

09/10/2014

Across Europe, the left is attempting to reformulate its approach to the economy following the 2008 financial crisis. In the UK, Labour’s objectives for economic reform feel ambitious yet vague. Words like responsibility and rebalancing are used a lot, but they raise as many questions as they answer. We can all sign up to the UK being a bit less reliant on the financial sector, but then what?

In ‘The Great Rebalancing: How to fix the broken economy’, senior economists and policy experts set out significant and specific new proposals for what rebalancing the British and European economy actually means in practice. It seeks to put flesh on the bone of calls for a more ‘responsible capitalism’, spelling out in more detail what the left’s next economy could look like.

The scale of the challenge should not be underestimated: for Labour, achieving ‘one nation’ capitalism will mean the UK turning its back on the mid-Atlantic experiment and transforming itself into a mainstream north European economy. A British rebalancing must be broad-based, for change on any single front could just be a pin-prick. But taken together, the wide package of reforms offered in these essays really can change the character of UK capitalism.

Find all related publications
Publications
21/11/2022

The EU and North Africa: Towards a just Twin Transition?

In an era marked by a deficiency in sustainable growth and a profusion of novel […]
08/11/2022

Building resilient democracies

Challenges and solutions across the globe
23/10/2022

The EU and gender equality

FEPS Primers Series - Agnes Hubert
23/10/2022

The progressive potential of the EU

FEPS Primers Series - Richard Corbett
Find all related news
News
01/12/2022

Progressive MPs and MEPs advocate for the fulfilment of the promise made in Thessaloniki to the Western Balkans

Open letter to the European leaders ahead of the EU - Western Balkans Summit
15/11/2022

FEPS delegation at COP27

FEPS delegation was present at COP27, with the strategic objectives of mobilizing climate finance for […]
20/10/2022

Europe’s largest Gen Z-focused research ever conducted

The Foundation for European Progressive Studies (FEPS) and ThinkYoung have conducted, over 3 years, Europe’s […]
18/10/2022

Open letter to call for a deep reform of the EU fiscal rules

FEPS cosigned an open letter to EU leaders calling for them to address the underlying structural […]
Find all related in the media
In the media

El PSC se reunirá de nuevo con el Govern el miércoles por los Presupuestos

by EuropaPress 24/11/2022
EuropaPress echoes the 'Twin Transition' event in Barcelona, organized by FEPS and Fundació Campalans, with the participation of Salvador Illa and FEPS President Maria João Rodrigues.

A baloldal főutcája

by Népszava 21/11/2022
Article by FEPS Secretary General László Andor on the state of social democracy after the PES congress - “The main street of the left”

La doble transición verde y digital como arma contra los depredadores de la energía

by Crónica Global 18/11/2022
Article by Pau Solanilla, Director of Fundació Rafael Campalans, ahead of the FEPS-Campalans event 'Figuring out the Twin Transition'

El reto de las Smart Cities, combinar digitalización y sostenibilidad

by ABC 18/11/2022
Article by Pau Solanilla, Director of Fundació Rafael Campalans, ahead of the FEPS-Campalans event 'Figuring out the Twin Transition'